ABN AMRO intends to appoint new Executive Board members, simplifies organisational setup
11 Octobre 2021 - 8:00AM
ABN AMRO intends to appoint new Executive Board members, simplifies
organisational setup
ABN AMRO intends to
appoint new Executive Board
members, simplifies organisational
setup
To further strengthen its strategy execution and serve its
clients as a personal bank in the digital age, ABN AMRO is
simplifying its organisational setup and intends to appoint new
Executive Board members. Three client units organised around
segments will replace the current four business lines.
Choy van der Hooft-Cheong (1971) and Dan Dorner (1976) will be
appointed as new members of the Executive Board, both as Chief
Commercial Officers (CCO). Choy van der Hooft-Cheong will head the
new Wealth Management client unit. Dan Dorner will head the new
Corporate Banking client unit. An executive search process has been
started to fill the vacancy of CCO for the third new client unit
Personal & Business Banking. With these appointments and
changes to the organisational and commercial setup, ABN AMRO is
entering the next phase of building a personal bank in the digital
age. The appointments are subject to regulatory approval.
Choy van der Hooft-Cheong has a long track record within ABN
AMRO as a respected and effective senior executive in the fields of
corporate banking and private banking. She has shown herself to be
a highly collaborative relationship builder with a clear focus on
strategy execution. Dan Dorner likewise has a long and successful
track record in leadership positions within ABN AMRO. He combines a
strong execution-driven mindset with international experience and
an outstanding reputation among the bank’s clients, employees and
regulators.
Robert Swaak, CEO: “We are making good progress in executing our
strategy to be a personal bank in the digital age, with our
strategic pillars - customer experience, sustainability and
future-proof bank – serving as guiding principles. Our trusted
relationships with clients enable us to support them at all
important financial steps in their lives and to grow our business
profitably in attractive client segments in Northwest Europe. We
deliver a convenient daily banking experience that is increasingly
digital first. At moments that matter, we support clients with
sector and sustainability expertise. To serve our clients better
and in line with our purpose, Banking for better, for generations
to come, we are building a future-proof bank, digital by design. We
are doing this by rigorously simplifying and centralising our
operating model, further strengthened by a simplified
organisational setup.”
To better align the structure of the bank with these ambitions,
ABN AMRO will be replacing the current four business lines (Retail
Banking, Private Banking, Commercial Banking and Corporate &
Institutional Banking) with three units organised around client
segments:
- Personal & Business Banking: This
client unit serves consumer and business clients with banking and
partner offerings, providing the convenience of digital
interactions and access to expertise when it matters most.
- Wealth Management: Wealth
Management delivers outstanding expertise with tailored
value propositions for wealthy clients, focusing on investment
advisory, financial planning and real estate financing.
- Corporate Banking:
This expertise-driven client unit delivers tailored financing,
capital structuring and transaction banking solutions for mid-sized
and large corporate clients and financial institutions. Corporate
Banking also offers Entrepreneur & Enterprise as a bank-wide
service concept for business and wealthy clients, in close
collaboration with Wealth Management.
As part of the new simplified organisational setup, the existing
Executive Committee (ExCo) will cease to exist in favour of an
extended composition of the Executive Board (ExBO), simplifying the
top management structure of the bank. The new Executive Board will
consist of:
- Robert Swaak (Chief Executive Officer)
- Choy van der Hooft-Cheong (Chief Commercial Officer Wealth
Management)
- Dan Dorner (Chief Commercial Officer Corporate Banking)
- Vacancy (Chief Commercial Officer Personal & Business
Banking)
- Lars Kramer (Chief Financial Officer)
- Christian Bornfeld (Chief Innovation & Technology
Officer)
- Tanja Cuppen (Chief Risk Officer)
- Gerard Penning (Chief Human Resources Officer)
The current CEOs of Private Banking and Retail Banking, Pieter
van Mierlo and Frans van der Horst, will leave the ExCo concurrent
with the end of their terms. The current CEO of Corporate &
Institutional Banking, Rutger van Nouhuijs, has announced that he
will pursue his career outside ABN AMRO and will hand over his
responsibilities on an interim basis to Dan Dorner, the intended
CCO of Corporate Banking, to ensure a smooth transition.
Robert Swaak, CEO: “With the departure of Rutger van Nouhuijs
and the end of Frans van der Horst and Pieter van Mierlo’s terms as
ExCo members, we will be saying goodbye to three incredibly
dedicated colleagues. They have all used their years of experience
over the past period to ensure the right decisions were taken, and
have remained committed throughout to the strategic choices made –
an attitude that is an inspiration to us all.”
On 24 November 2021 at 15:00 CET ABN AMRO will hold an
Extraordinary General Meeting (EGM) to discuss the change in the
bank’s corporate governance structure and the intended appointments
of Choy van der Hooft-Cheong, Dan Dorner and Gerard Penning as
Executive Board members. For the full agenda of the EGM and meeting
documents, please see: www.abnamro.com/generalmeeting
ABN AMRO
Press OfficeJarco de SwartSenior Press
Officerpressrelations@nl.abnamro.com+31 20 6288900 |
ABN AMRO
Investor RelationsFerdinand Vaandrager Head of Investor
Relations investorrelations@nl.abnamro.com+31 20 6282282 |
This press release is published by ABN AMRO Bank N.V. and
contains inside information within the meaning of article 7 (1) to
(4) of Regulation (EU) No 596/2014 (Market Abuse Regulation)
- 20211011 ABN AMRO intends to appoint new Executive Board
members, simplifies organisational setup
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