DP NEWS (EUROPE REGIONAL) ABN Amro mentioned on Tuesday it has chosen Kees van Dijkhuizen, the present Chief Monetary Officer who helped the Dutch financial institution by way of its privatisation, as Chief Government Officer to succeed Gerrit Zalm. Van Dijkhuizen joined ABN in 2013 and helped in its preliminary public providing of shares final 12 months. Zalm, the previous Dutch finance minister who took over ABN in 2009 after its nationalisation within the wake of the worldwide monetary disaster, introduced in September his intention to step down.
ABN was nationalized along with the Dutch elements of the now defunct Fortis financial institution in 2008 because it hurtled towards a chapter that might have threatened the Dutch banking sector. Its nationalization price taxpayers billions of euros. In a press release, ABN mentioned Van Dijkhuizen’s appointment can be efficient on approval by regulators, which it expects by mid February 2017. ABN mentioned in a press release that Van Dijkhuizen, 61, would focus the financial institution on catering higher to its shoppers, rising sustainably, and being “delicate to society”. Jeroen Dijsselbloem, the Dutch finance minister who personally signed off on Van Dijkhuizen’s appointment, mentioned he had “proved himself as an excellent banker over the previous 11 years, and a wonderful supervisor with a powerful societal antenna.” “He’ll now lead the financial institution to a brand new part, wherein the state will proceed reducing its stake.” The financial institution mentioned Van Dijkhuizen can be anticipated to ship on targets set on the time of its IPO, when it marketed itself as a dependable dividend payer, with a powerful place on the Dutch market albeit with restricted development alternatives. Van Dijkhuizen should additionally create the circumstances for the state to promote down its remaining 77 % stake, the financial institution mentioned.