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 Office|
Jarco de Swart
Senior Press Officer
+31 20 6288900
|ABN AMRO Investor Relations|
Head of Investor Relations email@example.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)
AttachmentTo view this piece of content from www.globenewswire.com, please give your consent at the top of this page.
To view this piece of content from ml-eu.globenewswire.com, please give your consent at the top of this page.
About GlobeNewswire by notified
One Liberty Plaza - 165 Broadway
NY 10006 New York
GlobeNewswire by notified is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.
Subscribe to releases from GlobeNewswire by notified
Subscribe to all the latest releases from GlobeNewswire by notified by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from GlobeNewswire by notified
Centessa Pharmaceuticals Subsidiary, Orexia Therapeutics, and Schrödinger Announce Collaboration to Discover Novel Orexin Receptor Agonists18.10.2021 14:00:00 CEST | Press release
~ Discovery efforts will focus on small molecules with differentiated clinical profiles to harness the broad potential of orexin agonism across different indications~ ~ First time Schrödinger is applying its computational platform in an orexin agonist setting enabled by Orexia’s structural biology capabilities ~ NEW YORK, BOSTON and LONDON, Oct. 18, 2021 (GLOBE NEWSWIRE) -- Schrödinger (Nasdaq: SDGR) and Centessa Pharmaceuticals plc (“Centessa”) (Nasdaq: CNTA), together with subsidiary Orexia Therapeutics (“Orexia”), today announced an exclusive collaboration focused on the discovery of novel therapeutics targeting the orexin-2 receptor (OX2R), which is known to play a role in a broad spectrum of sleep disorders including narcolepsy. The collaboration provides Orexia with substantial access to Schrödinger’s entire computational platform as well as Schrödinger’s extensive expertise in ultra-large-scale deployment of its technology. Orexia will leverage Schrödinger’s computational platfo
Saniona completes submission of manufacturing data for Tesomet capsules to U.S. FDA18.10.2021 14:00:00 CEST | Press release
PRESS RELEASE 18October 2021 Saniona (OMX: SANION), a clinical stage biopharmaceutical company focused on rare diseases, today announcedthat it has completed the submission of all information previously requested by the U.S. Food and Drug Administration (FDA) regarding its chemistry, manufacturing and controls (CMC) programfor Tesomet capsules. With this submission completed, Saniona expects to be able to initiate its Phase 2b clinical trials for Tesomet before the end of 2021, as planned. There are multiple potential advantages to offering Tesomet as a capsule rather than a tablet to people living with Prader-Willi syndrome or hypothalamic obesity. Some of these individuals have a tendency to chew tablets, which could disrupt the effectiveness of the fixed-dose combination of Tesomet’s active ingredients. The Tesomet capsules contain the two active ingredients as microspheres, which are expected to minimize the impact of chewing or biting. Additionally, capsules are generally easier t
Saniona slutför inlämningen till FDA av tillverkningsdata för Tesometkapslar18.10.2021 14:00:00 CEST | Pressemelding
PRESSMEDDELANDE 18 oktober 2021 Saniona (OMX: SANION), ett biofarmaceutiskt företag med klinisk utveckling fokuserad på sällsynta sjukdomar, meddelar idag att alla uppgifter som det amerikanska läkemedelsverket FDA tidigare begärt in om bolagets program för kemi, tillverkning och kontroll (CMC) avseende Tesometkapslar nu har lämnats in. I och med att dessa uppgifter lämnats in förväntas Saniona att enligt plan kunna inleda kliniska studier i Fas 2b med Tesomet innan utgången av 2021. Det finns ett flertal möjliga fördelar med att erbjuda Tesomet som kapsel istället för tablett till personer som lever med Prader-Willis syndrom eller hypotalamisk fetma. Vissa av dessa drabbade individer tenderar att tugga sönder tabletter, vilket skulle kunna påverka effekten av den fasta doskombinationen av Tesomets aktiva substanser negativt. Tesometkapslarna innehåller de två aktiva substanserna i form av mikrosfärer, vilket väntas minimera påverkan från tuggande och bitande. Kapslar är dessutom i all
Prosafe SE and subsidiary company Prosafe Rigs Pte. Ltd. - Update on Financial Restructuring18.10.2021 13:30:03 CEST | Press release
Reference is made to the earlier information provided about the ongoing financial process with the lenders, the latest in: (a) a press release dated 13 October 2021 in relation to Prosafe SE's and Prosafe Rigs Pte Ltd's ("PRPL") applications for the Singapore Court to approve the Schemes agreed at the Scheme Meetings of the Scheme Creditors, in HC/OS 997/2021 and HC/OS 998/2021 (the "Sanction Applications"); and (b) a press release dated 14 October 2021 in relation to Westcon Yards AS' confirmation of their formal support of the Schemes. At the hearing of the Sanction Applications on 18 October 2021, the Singapore Court sanctioned the Schemes and permitted the insertion of a new clause 8.4 in the Schemes (as mentioned in the press release dated 13 October 2021). Prosafe SE and PRPL will proceed to lodge copies of the orders made by the Singapore Court with the Accounting and Corporate Regulatory Authority of Singapore. Prosafe SE wishes to thank all parties involved for their support o
Skyharbour Signs Option Agreement with Black Shield Metals Corp to Option 75% of the Mann Lake Uranium Project18.10.2021 13:00:00 CEST | Press release
VANCOUVER, British Columbia, Oct. 18, 2021 (GLOBE NEWSWIRE) -- Skyharbour Resources Ltd. (TSX-V: SYH)(OTCQB: SYHBF) (Frankfurt: SC1P) (“Skyharbour” or the “Company”) is pleased to announce that it has entered into an option agreement (the “Option Agreement”) with Black Shield Metals Corp. (CSE: BDX) (“Black Shield”) which provides Black Shield an earn-in option to acquire up to a 75% interest (the “Option”) in the Mann Lake Uranium Project (“Mann Lake” or the “Property”) located in the Athabasca Basin, Northern Saskatchewan, Canada. Mann Lake Project Location Map: https://skyharbourltd.com/_resources/SYH_Mann_Lake_Tenure.jpg Under the Option Agreement, Black Shield will contribute cash and exploration expenditure consideration totaling CAD $4,850,000 over a three-year period (“Project Consideration”). Of the Project Consideration, $850,000 will be in cash payments to Skyharbour and $4,000,000 will be in exploration expenditures on the project. Black Shield will also issue to Skyharbour
Hexagon Purus to join the ZeroCoaster project study, collaborating with leading partners to explore and develop the hydrogen value chain for maritime applications18.10.2021 13:00:00 CEST | Press release
Hexagon Purus joins the work package Zero Emission Compressed Hydrogen (ZECH) which is part of the ZeroCoaster project study coordinated by Vard, a major global ship design and shipbuilding company. This study aims to research, evaluate and present zero emission ship design solutions using alternative fuel systems. The ZeroCoaster represents coastal bulk cargo operations in Norway. Systems and component solutions revealed in the project are applicable for scaling and reconfiguring for other maritime applications. The project study is funded by The Research Council of Norway. One of the main objectives is to evaluate and challenge bunkering technologies and logistics operations, with a focus on safety, cost, and capacity. Hexagon Purus will contribute with its knowledge and expertise in storage and distribution of compressed hydrogen gas using Type 4 composite cylinder technology. Sharing knowledge to accelerate zero emission maritime solutions Norway has set a target to reduce emission
Nokia selected by T-2 Slovenia in five-year 5G deal as sole supplier18.10.2021 10:00:00 CEST | Press release
Press Release Nokia selected by T-2 Slovenia in five-year 5G deal as sole supplier Nokia to expand T-2’s Single RAN footprint and introduce enhanced 5G services across the country 18 October 2021 Espoo, Finland – Nokia today announced that it has been selected as the sole vendor by Slovenia’s T-2 in a five-year deal to supply equipment from its comprehensive AirScale 5G portfolio. The new deal will see Nokia upgrade T-2’s existing Single RAN radio footprint as well as introduce enhanced 5G new radio (NR) services. The project is expected to deliver ultra-fast, low-latency, and high-capacity 5G connectivity delivering superior coverage to businesses and consumers alike. Nokia will provide equipment from its latest AirScale radio portfolio, all powered by Nokia's energy-efficient ReefShark System-on-Chip technology. This includes 5G RAN, AirScale base stations, and Nokia AirScale radio access products including its Single RAN portfolio for both indoor and outdoor coverage. These solution