ABN AMRO announces Robert Swaak as next CEO

– NETHERLANDS, Amsterdam –  ABN AMRO Bank N.V. (AMS: ABN) today announced that its Supervisory Board will appoint Robert Swaak, former chairman of the Board of Management of PwC Netherlands, as CEO of ABN AMRO Bank N.V. for a four-year term, subject to regulatory approval. Mr Swaak will succeed Kees van Dijkhuizen during the Annual General Meeting on 22 April 2020.

Tom de Swaan, Chairman of ABN AMRO’s Supervisory Board said: “We are very pleased that after having carried out an extensive and thorough procedure, we are able to appoint Robert Swaak as the new CEO of ABN AMRO. Over the past 30 years, Robert has acquired broad and relevant expertise in the financial sector and he is a seasoned executive who knows the ins and outs of what it takes to run a large listed company.”

“At the same time, Robert is a modern leader who can build bridges and who has proven experience in heading up and managing the successful implementation of challenging strategies and innovations. Moreover, as a non-executive and supervisory board member of various organizations in the Netherlands, Robert is firmly rooted in Dutch society. And so I have every faith that he will make a valuable contribution to ABN AMRO’s future.” he added.

Kees van Dijkhuizen, current CEO of ABN AMRO commented: “I’m proud to have been able to help shape the future of ABN AMRO. During the coming months, I will continue to give my all to implement our plans and strategy, with the support of all the bank’s employees, and I will help Robert to prepare fully for his new role once he’s joined the bank. I’ve come to know Robert as an engaging and intelligent man and I’m convinced that he’s the right person to navigate ABN AMRO into the next phase.”

About Robert Swaak

Mr Swaak has previously held various executive positions at PwC Netherlands, including CFO, COO, CHRO and chairman of the Board of Management (from 2006 to 2013). He was part of PwC’s Network Leadership team until 2017, responsible for Global Clients and Industries, and is currently Global Relationship Partner, responsible for a number of global clients.

Mr Swaak will focus on further refining and implementing ABN AMRO’s strategy, with a view to building a future-proof bank with a feel for what’s going on in society and an eye and ear for clients, employees and investors. High priority will also be given to the further implementation of improvement programs relating to Detecting Financial Crime (DFC), promoting public-private cooperation on DFC and compliance with the growing number of rules and regulations.

Robert Swaak: “ABN AMRO’s role and the direction the bank has chosen to take resonate with me. It is this, together with the clear challenges ABN AMRO is facing as well, that strengthened my conviction that this is a good step. I am keen to take on these issues and I very much look forward to starting at ABN AMRO.”

About ABN AMRO Bank N.V.

ABN AMRO Bank N.V. is a Dutch bank with headquarters in Amsterdam. ABN AMRO Bank is the third-largest bank in the Netherlands.

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