Fortis moves to Amsterdam

24th January 2008, Comments 0 comments

Fortis is preparing to take over ABN AMRO's buildings in Amsterdam.

24 January 2008

AMSTERDAM - Fortis is preparing to move to Amsterdam. The bank insurance company will be moving its Dutch headquarters from Utrecht to the ABN AMRO headquarters. Fortis will still hold on to its headquarters in Brussels, the company announced on Thursday.

Fortis will house its most important activities in the ABN AMRO buildings on the Gustav Mahlerlaan in the Zuidas area and the Foppingadreef in Zuid-Oost. The exact moving date depends on how quickly divisions of ABN AMRO can be merged with Fortis' own divisions. A moving plan will be drawn up in the coming months.

Fortis says that Amsterdam's position as a financial centre and the accessibility and excellent location of the buildings were important considerations in the decision to move. Fortis will keep Utrecht as headquarters for its insurance division. The company will also keep offices and personnel in Rotterdam.

Since 1 November last year British banker Mark Fisher of Royal Bank of Scotland has been in charge at the ABN AMRO headquarters on the Gustav Mahlerlaan. Fisher has been appointed to coordinate the dismantling of ABN AMRO.

Royal Bank of Scotland, Banco Santander and Fortis, who took over ABN AMRO together, expect it will take three years to divide up the company.

[Copyright Expatica News + ANP 2008]

Subject: Dutch news

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