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Michael Chae is the new head of financial institutions sales, financial markets group, for ABN Amro Korea. He will be responsible for the distribution of all financial markets products to the financial institution and public sector (FIPS) client base.

Chae has more than 15 years of experience covering Korean, and Asian financial institutions and was previously with Credit Agricole Indosuez, Seoul. He will report directly to Andre LaJeunesse, regional head of financial institutions sales, financial markets group.

ABN Amro has been established in Korea since 1979 and in 1991, it acquired Chemical Bank’s Seoul branch.