ABN Amro has cut at least nine of its London-based equities staff in the past week, including some of its most senior analysts and sales people, as the Dutch bank continues to reduce numbers in investment banking.

Paul Divito, head of European equity sales, left this month and it is not known who will replace him. Finlay Thomson, head of mid-cap oil and gas research, has also left under what is understood to be a voluntary redundancy programme at the bank, which aims to cut 10% of front-office staff in London.