ABN Amro CEO Rijkman Groenink is to leave the company at the next shareholders’ meeting following the takeover of the Dutch bank by a consortium led by the Royal Bank of Scotland (RBS).
His replacement is set to be RBS board member Mark Fisher, the consortium said in a statement.
Groenink, who supported a merger with the rival bidder Barclays, has been at ABN Amro since 1974.
‘The shareholders have chosen another plan,’ Groenink said in his resignation letter. ‘So it is better to leave the field now to a successor who can and will put that plan into action’.
The Financieele Dagblad devotes much of its front and second page to Groenink, describing him as a ‘banker with bravado’.
In particular, his daring during the takeover struggle for Italian bank Antonveneta earned him praise, the paper says. But in the end, it was not enough to save ABN Amro itself, the paper points out.
The RBS consortium plans to break up the ABN Amro group, with the Benelux operations coming under the control of Dutch-Belgian financial services group Fortis.
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