Dutch bank ABN Amro is said to mulling a sale of its Asia private-banking business. According to news reports, the bank is working with a financial adviser and has explored possibilities of a sale. Banks like Barclays and Societe Generale, have exited wealth management operations in Asia recently. The bank is the 18th-largest private bank in Asia, with $19 billion of assets under management in the region. Outside Europe, ABN Amro’s private-banking operations have offices in Hong Kong, Singapore and Dubai.
