ABN AMRO continues to strengthen the sector focus of its leading Energy, Commodities & Transportation (ECT) business with the appointment of Jan-Maarten Mulder to the newly created role of Global Head of Commodities.
Mr Mulder previously worked at Trafigura, where he was Global Head of Corporate Finance and Treasury. This marks a return to the bank, as he worked in the commodities and corporate finance teams of Fortis and MeesPierson in the past which in 2010 became part of the new ABN AMRO.
His appointment follows the bank's decision to combine its Agri, Metals and Energy Commodities teams into a single business, in order to strengthen transaction execution for clients and support the increasing size as well as complexity of the bank's commodities activities. The Energy and Transportation sector teams will continue to operate individually within ECT.
Mr Mulder will report to Maarten Terlouw, recently promoted to Global Head of ECT from his previous role of Global Head of Energy. Before rejoining ABN AMRO last year, Mr Terlouw led RBS's Global Industrials Team in London. He has broad experience in corporate finance advisory and debt and equity capital markets, in addition to extensive knowledge of the energy and resources sectors.
Commenting on the creation of the new global commodities team, Mr Terlouw said: "Commodities is a very important segment within ECT and we believe this development will strengthen our ability to provide a leading client service. Jan-Maarten will bring the client's perspective into the heart of our business and his appointment sends a strong signal to the market of how determined we are to remain a force in this business - which is vital to both world trade and the Dutch economy."
Rui Florencio has also been promoted to Global Head of Energy Commodities from his previous role as Head of the Energy Commodities desk in Amsterdam and will report to Jan-Maarten Mulder.
ABN AMRO's ECT business provides standard and structured wholesale banking services to global clients in sectors such as commodity finance, shipping, oil & gas and offshore oil services. ECT is headquartered in Amsterdam and now includes offices in Athens, Dallas, Dubai, Hong Kong, London, New York, Oslo, Rotterdam, Sao Paulo, Shanghai and Singapore – part of the bank’s overall international network spanning 23 countries and territories.
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