Tuesday 02 June 2020

Top ABN Amro official leaves bank supervisory board under pressure

Olga Zoutendijk, chairman of the ABN Amro supervisory board, has quit her job after criticism about her leadership style, the Financieele Dagblad said on Tuesday.

The Dutch central bank DNB, which has a supervisory role for all banks, has been investigating how Zoutendijk functioned in the job after complaints from several officials involved with ABN Amro, the FD said.

In particular, problems around the naming of a successor to chief executive Gerrit Zalm had annoyed the Dutch state, which is still the largest shareholder in ABN Amro.

Zoutendijk assumed the top post at ABN Amro in May 2016. On Monday the bank unexpectedly announced she had taken herself out of the running for a second term which begins on 1 July.

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