ABN Amro has lost two of the most senior managers in its wholesale clients division, including the head of its advisory business, after overhauling the executive board responsible for managing the division.

Nigel Turner, Steve Gregg, Samuel Zevatti and Robert van Paridon are losing their positions on the board and are being replaced by Niall Cameron, John Nelson, Gerry Page, and Jan Sijbrand, according to Het Financieele Dagblad, the Dutch newspaper, which cited insiders at the bank.