ABN Amro Asset Management, the funds arm of the Dutch bank, has added two to its currency division, joining other asset managers that have been ramping up their FX teams to meet increasing institutional investor demand for hedged international exposure.

The funds division has hired Matthew Farrell, an assistant currency manager from administration and back-office services group GlobeOp Financial. Murali Menon moves across from parent ABN Amro as a quantitative researcher.