Clifford Abrahams, chief financial officer of ABN Amro told CNBC: "Q4 was operationally solid and steady...But we had a couple of specific items in Q4, we had some expenses and elevated impairments."
Under its latest European recruitment push, Daiwa has also hired a Britain-based M&A banker specialised in the fintech sector, Hiroki Ikeda, Daiwa’s deputy head of global investment banking, said in an interview.
But revenues fell four percent, to 25.3 billion euros, with Deutsche blaming a fourth quarter marked by "challenging financial markets" and "negative" headlines, including a November raid by prosecutors on the bank's Frankfurt hea
The CEO is among the longest-serving leaders in European banking, having been at the helm for about a decade, and took his third set of financial targets to investors in 2017 after missing earlier multi-year goals.
Two other Qatari investment vehicles, controlled by members of the royal family and other prominent politicians, already own a stake.
William Blair currently has more than 80 investment banking team members in Europe, anchored by offices in London and Frankfurt, and serves clients across the region.