March 04, 2015 8:47 AM ET

Banks

Company Overview of ABN AMRO Group N.V.

Company Overview

ABN AMRO Group N.V. provides various banking products and services for retail, private, commercial, and merchant banking clients in the Netherlands and internationally. It offers personal banking products and services, including savings products, retirement and investment products, payments, loans, and life and non-life insurance products to products. The company also provides private banking products and services to meet the customers wealth management needs; business banking products and services for start-ups, and small and medium-sized enterprises; and cash management, risk management, financing, international business, mergers and acquisitions, and asset management services for corporat...

Gustav Mahlerlaan 10

Amsterdam,  1082 PP

Netherlands

22,215 Employees

Key Executives for ABN AMRO Group N.V.

Chief Financial Officer and Member of the Managing Board
Age: 59
Chief Operating Officer and Member of the Managing Board
Age: 54
Chief Risk Officer & Strategy and Member of the Managing Board
Age: 52
Senior Managing Director of Private Banking International
Senior Managing Director of Corporate Clients
Compensation as of Fiscal Year 2014.

ABN AMRO Group N.V. Key Developments

Advisors For ABN Shortlisted

Advisors have been shortlisted for the listing of ABN AMRO Group N.V. A Dutch state agency said on Monday it had selected 14 domestic and international banks as candidates to oversee a planned stock market listing of ABN Amro. No date has yet been set for the listing. Dutch Finance Minister Jeroen Dijsselbloem will inform parliament before April 2015 whether he believes ABN Amro is ready for a listing. The list of candidates for global coordinator of the listing includes JP Morgan, Goldman Sachs, Morgan Stanley, Citigroup, ING Bank, Rabobank and ABN Amro.

Dutch Government To Sell Stake In ABN AMRO In 2015

The Dutch government is likely to divest its first stake in ABN AMRO Group N.V. through an initial public offering (IPO) in 2015. A decision on the stake sale is expected in the first quarter of 2015, reported The Wall Street Journal. Gerrit Zalm, Chief Executive Officer of ABN AMRO, said: "Our preparations for the IPO focus on the first six months of 2015. We must show that we have our house in order and I believe we have made a lot of progress." He added: "This will buy us time when there is a party with a hostile bid. It allows us to present an attractive alternative to shareholders." He further said: "I don't expect we'll ever see returns of 20% again so you shouldn't expect anything spectacular. But we should be able to achieve a return-on-equity in the low double digits."

ABN AMRO Group N.V. to Cut Jobs; to Invest EUR 150 Million Until 2018

ABN AMRO Group N.V. announced that it was preparing for a share sale next year and would cut as many as 1,000 jobs by 2018. The bank is also looking to cut down the number of its branches. The company also announced that it would invest EUR 150 million until 2018 in process digitalisation measures.

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