ABN nominates RBS chairman Mark Fisher

11th October 2007, Comments 0 comments

11 October 2007, AMSTERDAM - ABN Amro announced Thursday that it will nominate Royal Bank of Scotland (RBS) executive Mark Fisher as its new chairman, following the takeover of the Dutch lender by the RBS-led consortium.

11 October 2007

AMSTERDAM - ABN Amro announced Thursday that it will nominate Royal Bank of Scotland (RBS) executive Mark Fisher as its new chairman, following the takeover of the Dutch lender by the RBS-led consortium.

The consortium of RBS, Fortis and Banco Santander on Wednesday declared victory in the battle for ABN Amro, sealing the biggest takeover in banking history and prompting the resignation of ABN's chairman Rijkman Groenink.

Now ABN Amro says it will propose Fisher, who is currently a member of the RBS board and executive management committee, to take over from Groenink at a shareholders meeting to be called for a later date.

The Dutch bank also announced that its supervisory board would be joined by Fortis chairman Jean-Paul Votron, RBS chairman Sir Fred Goodwin and the general manager of Banco Santander, Juan Inciarte.

The consortium bid values the Dutch lender at about 100 billion dollars (71 billion euros).

[Copyright afp 2007]
Subject: Dutch news

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