Rijkman Groenink, chairman of the managing board of ABN Amro, has announced he will step down, after 33 years of employment at the bank.The decision follows the recent announcement that RBS, Santander and Fortis, and not Barclays Bank, will determine the future of the 183-year-old Dutch bank. As Groenink stated: "In April, the bank wholeheartedly embraced a merger with our partner of choice as the next step in our long-term strategy. Shareholders have now chosen for the consortium's offer. That is why it is appropriate for me to make way for a successor who is willing and able to execute the consortium's plan.”
Groenink started his career working for Amro Bank in 1974. After various roles in both the national and international business, he was appointed to the managing board in 1988. In the nineties he shared responsibility for the investment banking business and was solely responsible for the Netherlands business unit. In 2000 he was appointed chairman of the managing board of ABN Amro.
Groenink will step down on the day ABN Amro holds an extraordinary general meeting of shareholders (EGM). ABN Amro will convene an EGM at short notice to vote on the appointment of new members of the supervisory board and the managing board. The bank will announce the date and agenda for the meeting as soon as possible.
More on People
Bank veterans Bristow and Pluta promoted to global co-heads, reporting to Rohrbaugh
US firm recruits externally as it looks to boost savings business
US bank parts company with 15-year veteran who moves to the buy side
Chris Leone and Dushyant Chadha replace Paul Galietto
Sign up for Risk.net email alerts
Sponsored video: MarketAxess
Sponsored video: Tradeweb
Multifonds talks to Custody Risk on being nominated for the Post-Trade Technology Vendor of the Year at the Custody Risk Awards 2014
Sponsored webinar: IBM Risk Analytics
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.