ABN Amro has filled the gap left at the top of its commodity finance business earlier this week when the head of the team was moved to run the Moscow office of the bank's joint venture with Rothschild.

Bart Timmermans, previously global head of agricultural commodity finance, has been promoted to head ABN Amro's global commodity finance business, replacing Anushavan Simonyan, who is moving to Moscow to head ABN Amro Rothschild's Moscow office.