Tariq Rafique, global head of asset securitisation at ABN Amro, has resigned from the Dutch bank, which recently reported a heavy drop in first-half profits.

Rafique was at ABN for three years, two of which were spent in London. The Dutch bank's securitisation business has grown from being a minnow to a big fish in the asset-backed securities (ABS) league tables. Last year the bank finished in the top three in Europe thanks to a sizeable increase in underwriting mandates for ABS, mortgage-backed securities and collateralised bond obligations.