ABN AMRO appointed Ton van Nimwegen as chief operating officer (COO) and member of the executive board for a period of four years, with effect from the extraordinary general meeting of shareholders (EGM) to be held on a date yet to be scheduled. The appointment is subject to the formal approval of the European Central Bank. As the COO, Nimwegen will be responsible for strengthening the strategy execution and for heading the administrative and operational processes across the bank, including the Detecting Financial Crime and Customer Care and Operations departments.

He will work in close cooperation with the other members of the executive board. Nimwegen, who has almost 30 years of experience in the banking industry, has spent the last 13 years in various national and international management positions at Rabobank, most recently as its chief operating officer. He previously spent 13 years at ABN AMRO, in countries including South Africa, Brazil and Hong Kong.