Global banks are always keen to stress the strength of their local presence. Think global but act local is the common mantra.
It’s not clear, though, what it actually means.
Until last month, that is, when Arne Lindman, CEO of ABN Amro Asset Management, made a stab at a useful definition of the term at a conference in Stockholm.
The Nordic summit had a dual purpose – it explained investment and risk management themes to clients of ABN Amro and its asset management subsidiary and it also provided a forum for ABN to launch the rebranding of Alfred Berg, the local corporate and investment bank that it bought in 1995.
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