ABN Amro appoints new CEO

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Dutch banking giant ABN Amro has appointed its chief financial officer Kees van Dijkhuizen as chief executive officer and chairman of the board, replacing current CEO Gerrit Zalm, subject to regulatory approval.

Having held the position of CFO at Abn Amro since 2013, van Dijkhuizen will now focus on implementing the group’s strategic targets as announced during its IPO in November last year, in particular the planned reduction of the Dutch governments share in the lender. In cooperation with the group’s supervisory board, he will be in charge of formulating ABN Amro’s new strategic outlook.

Van Dijkhuizen shares with his predecessor Zalm the background in governmental administration, both managers have previously worked for the Dutch ministry of Finance. With the government continuing to remain a significant shareholder, the backing of Dutch minister of Finance, Jeroen Dijsselbloem, was seen as an essential factor.

Dijsselbloem backed the appointment, describing Van Dijkhuizen as “an outstanding banker and a great manager who is in tune with societal interests”.

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