Financial Businesses Results

Personnel

Spreadsheets

Personnel

The number of personnel in our financial businesses was 75,593 on 30 September 2006, up 3,711 from 71,882 on 30 June 2006, with increases in personnel seen in all our businesses.

The international and Swiss wealth management business, continuing its growth strategy, added 514 staff and client advisors in most regions. The main reason for the increase in personnel in our US-based wealth management business (up 1,339) was the acquisition of Piper Jaffray. This was partially offset by financial advisor attrition due to competitive market conditions.

The Swiss commercial and retail banking business saw a significant rise in personnel (up 394) following the annual intake of apprentices.

The staff level of the Investment Bank (up 1,140) rose in all businesses to support continuing growth strategies. Much of the increase was seen in IT and finance functions and, to a lesser extent, in operations.

Personnel ¹
	As at			% change from
Full-time equivalents (FTE)	30.9.06	30.6.06	30.9.05	30.6.06	30.9.05
Switzerland	26,736	25,904	26,834 ²	3	0
Rest of Europe / Middle East / Africa	12,235	11,716	11,546	4	6
Americas	29,630	27,874	26,891	6	10
Asia Pacific	6,992	6,388	5,231	9	34
Total	75,593	71,882	70,502 ³	5	7

1 403 FTEs from ABN AMRO’s Global Futures and Options Business will be included from 1 October 2006 onwards. 2 Personnel numbers include 649 FTEs transferred to facilities management company Edelweiss on 1 January 2006. 3 Includes 1,685 FTEs employed in Private Banks & GAM, which was sold on 2 December 2005.