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ABN Amro to Add Commodity Staff in Asia as Demand Increases

ABN Amro Group NV, the state-owned Dutch bank that’s expanding overseas, plans to add commodity staff next year in Asia where its trade-finance business is growing as China increases consumption of energy and metals.

The region now accounts for about 25 percent of the 250-strong commodity team, said Jan-Maarten Mulder, global head of commodities. The planned increase in Asia will be toward the high end of single digits in percentage terms, said Jacqueline Chang, head of the Singapore commodities team.