ABN AMRO announces ECT business expansion with new office in Dallas
Thursday, October 27, 2011 10:38 AM
(Source: Datamonitor)
ABN AMRO
has announced a strategic expansion of the global energy banking capabilities of its Energy, Commodities & Transportation, or ECT, business, with the recruitment of a five person team of US energy bankers who will establish a new office in Dallas, Texas.
The team will enable ABN AMRO to build its US and international reserve-based lending, as well secured financing within the midstream and downstream sectors of the oil and gas industry. The Dallas office adds to the bank's US footprint, following the reopening of a New York branch last November which now includes a capital markets function and an existing office in Chicago, the company said.
Darrell Holley joins ABN AMRO as a Managing Director in a new role Global Head of Oil & Gas within the bank's ECT business. He was previously Global Head of Energy Finance at UBS Investment Bank. Mr Holley was Global Head of Oil and Gas at Fortis Bank prior to this and began his career in 1987 in the global energy finance group of Chemical Bank.
Also joining the oil and gas team in the Dallas office
from UBS are Casey Lowary, David Montgomery, Brian Wallace and Beth Johnson. Mr Lowary joins as Director, responsible for North American Midstream and Downstream business. Mr Montgomery is also a Director, responsible North American Exploration and Production. Mr Wallace joins as Director and Senior Reserve Engineer and Ms Johnson as Vice- President with a focus on Exploration & Production. The team previously worked together at Fortis Bank.
Marius Messer, Global Head of Energy in ABN AMRO's ECT business, said: "These developments will re-establish our North American reserve-based lending and infrastructure lending activities and is part of our wider strategy to build our footprint in the world's most active energy markets. The addition of a highly experienced team with deep knowledge of the energy sector will enhance our ability to serve clients, grow our overall lending franchise and support the ancillary product offering of the bank."
Suzanne Rosman
Marketing Manager UK & Ireland
Netherlands Foreign Investment Agency
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