Former defence minister at DSB helm

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Former Defence Minister Frank de Grave appointed Financial Director of DSB banking group.

THE HAGUE—Former defence minister and MP for the conservative VVD party, Frank de Grave, has been appointed Financial Director of the DSB banking group.

De Grave, who was alderman of Amsterdam before his cabinet position, takes over from Gerrit Zalm, also a former VVD MP and finance minister.

Zalm is still officially Financial Director of DSB but, at Finance Minister Wouter Bos' request, he has been facilitating the process of the ABN Amro-Fortis merger since the beginning of the year.

DSB Bank, established in 1975, is privately owned by Dirk Scheringa—the current CEO—and largely focuses on the national consumer loan market, operating under brand names like and Postkrediet. De Grave, presently chairman of the Dutch Healthcare Authority (NZA), will start at DSB on 15 March.

Radio Netherlands/Expatica

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