HONG KONG, Aug. 14 /Xinhua-PRNewswire/ -- ABN AMRO announced today the opening of its fifth Van Gogh Preferred Banking (VGPB) Centre in Hong Kong.
Situated on the first floor of the Convention Plaza Shopping Arcade in Wanchai, the centre is strategically located to serve the banking needs of domestic, international and business clients visiting Hong Kong's busy Convention Centre.
Officiating at the opening ceremony, Mr Jim Brown, ABN AMRO's Head of Consumer Clients in Asia said: "With the gaining affluence and increasing demand for more personalised financial services in Hong Kong, we're seeing tremendous growth in our wealth management business. The opening of our fifth VGPB centre, conveniently located for visitors to the Convention Centre, reflects ABN AMRO's strategy to expand customer contact points and further grow our SME and offshore client base."
Since the introduction of Van Gogh Preferred Banking in Hong Kong in 2002, ABN AMRO has grown both its assets under administration and customer numbers eight-fold. The bank expects to see this growth momentum continue on the back of strong growth forecasts for the wealth management industry regionally.
Ms Maria Leung, ABN AMRO's Head of Consumer Clients in Hong Kong said: "Leveraging the bank's unique combination of local client intimacy and global product capability, ABN AMRO has been able to successfully capture the growth of the affluent segment in Hong Kong by providing a comprehensive range of bespoke wealth management solutions, premium banking services and innovative products to its customers."
"Our customer-focused approach in providing personalized investment advices gives us a distinct competitive advantage," she added.
To commemorate the opening, new customers who open an account on or before 31 August 2007 at the new VGPB centre will receive a luxury holiday package at the new Macau Venetian by the Heli Express for two or up to 8.88% p.a. interest on a time deposit.
ABN AMRO has four other VGPB centres in Hong Kong, located at Times Square Causeway Bay, 1 Peking Road Tsim Sha Tsui, Two IFC Central and Pacific Place Two Admiralty.
Notes to Editors:
ABN AMRO
Netherlands-based ABN AMRO is a leading international bank with total assets of EUR 1,120.1 bln (as at 30 June 2007). It has more than 4,500 branches in 53 countries, and has a staff of more than 107,000 full-time equivalents worldwide. ABN AMRO is listed on Euronext and the New York Stock Exchange.
Van Gogh Preferred Banking
ABN AMRO Bank launched its wealth management service, Van Gogh Preferred Banking, in 2002, primarily to serve the high net worth customers. Van Gogh Preferred Banking provides professional and personalised wealth management services to customers, including investment services and wealth planning. The business scope includes VGPB Domestic, VGPB International and Business Clients.
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