ABN Amro to Reorganize Risk Roles, Says Job Cuts Are Possible

(Bloomberg) -Abn Amro Bank NV reorganizes risk-related roles throughout the bank two months before the Bank’s preparation for short investors about the new strategy of Marguerite Berard, CEO.

On Friday, the Dutch lent informed employees about risk management and changes in the process and control department in each customer unit. A spokesman said in a statement made by E -mail, that the restructuring requires the approval of the company by the Working Council and that business cuts are possible.

“Now we centralize our risk skills through restructuring so that we can invest in better service to our customers, Söz said Sözcü. “This shows the bank’s ability to adapt to changing conditions.”

The latest cost of lowering by the lender. In April, Abn Amro implemented recruitment ice cream to help meet cost guidance. In June, the reorganization of the Corporate Banking Unit was followed.

In April, Berard became the first woman CEO in the Bank’s date for more than 300 years. Three months after his re -appointment to a new era, he replaced Robert Swaak, who announced that he was planning to leave the company.

Berard said that his priority was to make a strategic examination of the bank’s activities.

In May, we will focus on increasing our profitability, optimizing our capital position, dimensioning our cost base to the right and achieving a significant growth, ”he said. The result of the investigation is expected to be presented on the Capital Markets Day of Abn Amro in November.

The Bank’s largest shareholder, the Netherlands government, said that this week will further reduce the Abn Amro stake and will potentially play the interest of taking over the company. The state’s interest in Abn Amro, the result of rescue during the financial crisis, is expected to drop from 30.5% to 20%.

Bloomberg reported that the lenders, including BNP Paribas SA, are interested and Deutsche Bank AG made an agreement in internal negotiations.

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