Former ABN AMRO employees created their own investment firm

Dutch bank ABN AMRO former employees set up their own company in the Netherlands and Britain, called Aethra Asset Management. The new company will service institutional clients and retail investors too. Aethra’s first products will be created by employees who focus on tactical asset allocation and European growth stocks.

The founders and managing partners of the company are Daan Potjer, former head of tactical asset allocation portfolio management at ABN, and Marc Vernooij, former head of euro fixed income at ABN. Company’s advisory board is also made up ABN AMRO’s former employees. They are former ABN AMRO Asset Management CEO Tom Cross Brown and Paul Hendriks.

ABN was bought in 2007 by Royal Bank of Scotland, Spain's Santander and Belgian-Dutch Fortis. Later assets of Fortis were nationalized by Dutch state including ABN AMRO.