ABN Amro Plans London Expansion In FX Sales, Options, Derivatives

BANKS

ABN Amro's acquisition of Steven McGuire as its new London treasury director last month was the first step in what is proving to be a larger program of expansion in the Dutch bank's London office, sources say.

McGuire, who joined ABN Amro from Crédit Lyonnais, where he was London treasurer, confirms that he plans new hires and restructuring in several trading areas. "We will be raising the profile of the London office, as well as of the bank on the European markets," he says.

McGuire has already

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