ABN Amro bankers win top jobs at RBS

22 February 2008

ABN Amro has revealed a number of changes which are due to take place in its management strata in the mergers and acquisitions (M&A) field.

The Dutch bank is being bought out by three other institutions in a merger spearheaded by Royal Bank of Scotland (RBS).

After the deal closes, there will be a shake-up in investment banking jobs after RBS has completed interviews to decide on new roles.

Current global head of equity capital markets and M&A advisory at ABN Amro, Jan de Ruiter, will swap his job to become Netherlands head for RBS' global banking and markets unit, according to Reuters.

Tom Willett, who presently serves as ABN Amro's head of UK M&A and co-head of European M&A, will be promoted to global head of M&A at RBS.

Previously working alongside Mr Willet as European M&A co-heads at ABN, Rutger van Nouhuys and Simon Hargreaves, will become regional head of retail and consumer coverage and head of M&A for Central and Eastern Europe, the Middle-East and Africa respectively.

RBS has agreed to buy the investment banking arm of ABN Amro, while Santander and Fortis will share other parts of the Dutch bank.

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