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.