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Rabobank opens new office in Singapore

Xinhua, May 6, 2015 Adjust font size:

Rabobank, one of the world's leading food & agribusiness and commodities banks, officially opened its new Singapore office on Wednesday to support its expanding presence in the region.

Located at Singapore's South Beach Tower, the office serves as a regional product and service hub for Singapore, Malaysia, the Philippines, Thailand and Vietnam.

"This opening is an important milestone for us as we enter a growth phase on the back of increased investment in food and agriculture in Southeast Asia, and with commodity trading and logistics activity in Singapore continuing to grow," said Marcel van Doremaele, chief executive officer of Rabobank Singapore & Representative Markets.

He said that the team in Singapore grew from just two people 30 years ago to more than 200, facing across the region.

"From Singapore, we are well placed to serve the trading and food & agri community locally, in the region and globally," Doremaele added.

Babobank is a Dutch multinational banking and financial services company headquartered in Utrecht, the Netherlands. Endi