ABN Amro has made a spate of new hires and promotions within its energy, commodities and transportation (ECT) business.
Jan-Maarten Mulder has joined the ECT division in the newly-created role of global head of commodities.
He rejoins the bank from Trafigura, where he was global head of corporate finance and treasury. He previously worked in the commodities and corporate finance teams of Fortis and MeesPierson, which became part of the new ABN Amro in 2010. He will be based at ECT’s headquarters in Amsterdam.
Mulder’s appointment follows the bank’s decision to combine its agri, metals and energy commodities teams into a single business. In his new role, he reports to Maarten Terlouw, who was promoted in August to global head of ECT from his previous role as global head of energy. Terlouw replaces Harris Antoniou, who left the bank in August and recently joined AMCI Group as CEO. AMCI is a private equity investor in coal and metals.
Terlouw comments on the new global commodities team: “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.”
In other news, the bank has also promoted Rui Florencio to global head of energy commodities from his previous role as head of the energy commodities desk in Amsterdam. He reports to Mulder.
The appointments follow news that the bank has opened a representative office in Moscow, set to focus on supporting its ECT business in the region.