ABN Amro Slashes 60% of Senior Management After Staff Cuts
The headquarters of ABN Amro Group NV stand in Amsterdam.
Photographer: Jasper Juinen/BloombergThis article is for subscribers only.
ABN Amro NV plans cut 60 of its 100 senior management jobs and reduce the number of top executives by more than half in a revamp that reflects the bank’s shrinking size.
A new management board will include the heads of retail, commercial, corporate and institutional, and private banking, the Amsterdam-based lender said in a statement on Monday. It will include Chief Executive Officer Kees van Dijkhuizen as well as the vice chairman and a chief financial officer who hasn’t yet been appointed.