Executive Board

The Executive Board is charged with managing the company, which means, inter alia, that it is responsible for determining the company’s mission, vision, strategy, policy and objectives and for achieving those objectives. The Executive Board is guided in the performance of its duties by the interests and continuity of the company and the undertakings connected with it and makes a balanced assessment of the interests of all relevant stakeholders, including the customers, savers and deposit holders, shareholders, holders of depositary receipts, employees and the society at large. The composition of the Executive Boards of ABN AMRO Group N.V. and ABN AMRO Bank N.V. is identical.

The members of the Executive Board

The members of the Executive Board are appointed by the Supervisory Board. The Supervisory Board notifies the General Meeting of a proposed appointment of a member of the Executive Board.

ABN AMRO and NLFI have agreed in the Relationship Agreement​ (PDF 5 MB) that, as long as NLFI directly or indirectly holds 10% or more of ABN AMRO Group’s issued share capital, it shall be given the opportunity to advise on the decision of the Supervisory Board to (re)appoint any member of the Managing Board and/or on the appointment of the chairman of the Executive Board.

The Executive Board members are: 

Kees van Dijkhuizen

Chairman and CEO
Kees van Dijkhuizen (1955, nationality: Dutch) was appointed as Chief Executive Officer (CEO) and Chairman of the Executive Boards of ABN AMRO Group N.V. and ABN AMRO Bank N.V. effective 1 January 2017 for the period of 3 years. As CEO, Kees van Dijkhuizen is also responsible for Group Audit, Corporate Office, Strategy & Corporate Development, Human Resources and Communications & Sustainability. His current term expires at the first general meeting after expiration of the 3 year period.

See the resume​ (PDF 19 KB) and remuneration​ (PDF 60 KB) of Kees van Dijkhuizen

Clifford Abrahams

Vice-chairman and Chief Financial Officer
Clifford Abrahams (1967, nationality: British) was appointed to the Executive Boards of ABN AMRO Group N.V. and ABN AMRO Bank N.V. effective 1 September 2017 for a period of 3 years. As Chief Financial Officer (CFO), he is responsible for Finance. His current term expires at the first general meeting after expiration of the 3 year period. As CFO, he is responsible for Finance, including Financial Accounting, Asset & Liability Management, Controlling, Tax, Treasury and Investor Relations.

See the resume​ (PDF 18 KB) and remuneration​ (PDF 60 KB) of Clifford Abrahams

Christian Bornfeld

Chief Innovation & Technology Officer
Christian Bornfeld (1976, nationality: Danish) was appointed to the Executive Boards of ABN AMRO Group N.V. and ABN AMRO Bank N.V. effective 1 March 2018 for a period of 3 years. As Chief Innovation & Technology Officer (CI&TO), he is responsible for Innovation, IT, Corporate Information Security en Business Services. His current term expires at the first general meeting after expiration of the 3 year period.

See the resume​ (PDF 18 KB) and remuneration​ (PDF 61 KB) of Christian Bornfeld

Tanja Cuppen

Chief Risk Officer 
Tanja Cuppen (1969, nationality: Dutch) was appointed to the Executive Boards of ABN AMRO Group N.V. and ABN AMRO Bank N.V. effective 1 October 2017 for a period of 3 years. As of 1 November 2017, Tanja Cuppen is the Chief Risk Officer (CRO) and responsible for Risk Management, Financial Restructuring & Recovery, Legal and Compliance. Her current term expires at the first general meeting after the expiration of the 3 year period.

See the resume​ (PDF 18 KB) and remuneration​ (PDF 83 KB) of Tanja Cuppen.

Former members Executive Board 2017 and 2018

Resumes

Resumes of the members of the Executive Board who left ABN AMRO in 2017 and 2018 are based upon information available at the time of resignation. 

Johan van Hall​ (PDF 31 KB)
Wietze Reehoorn​ (PDF 17 KB)
Chris Vogelzang​ (PDF 18 KB)
Joop Wijn​ (PDF 17 KB)
Gerrit Zalm​ (PDF 15 KB)
Caroline Princen​ (PDF 17 KB)



Governance of Executive Board

The Rules of Procedure of the Executive Board​ (PDF 688 KB) have been adopted by the Executive Board (with the approval of the Supervisory Board) and include, amongst other things, rules on the Executive Board’s functioning and internal organisation and the rules governing the committees of the Executive Board, as well as the Rules of Procedure of the Executive Committee.

Committees

The Executive Board has installed five committees:

Group Risk Committee
The Group Risk Committee is mandated to review and steer ABN AMRO’s risk profile within the scope of the risk appetite of the bank (as determined by the Executive Board and specified in the risk governance charter) and responsible for, amongst other things, (i) making a proposal annually to determine the risk appetite of the group, (ii) evaluating the actual risk profile of the group and assessing its compatibility with the bank’s risk appetite and (iii) approving new activities and products and risk and capital models.

Group Asset and Liability Committee
Group Asset and Liability Committee is mandated to take decisions on the interest rate and liquidity risk profile as well as the solvency of the group within the parameters set by the Executive Board and responsible for, amongst other things, (i) the methodology and policy for measuring liquidity, currency and interest rate risk, as well as for controlling these risks and for the capital management of the group and (ii) managing the actual interest rate, liquidity risk profile and solvency of the group.

Group Disclosure Committee
The Group Disclosure Committee is responsible for, amongst other things, the advising and supporting of the Executive Board in relation to (i) the supervision on the accuracy and timeliness of public disclosures by the group and (ii) the integrity with regard to the financial statements and other public disclosure.

Group Central Credit Committee
The Group Central Credit Committee is mandated to take decisions on the acceptance of counterparty risk relating to credit proposals falling within the scope of the risk appetite determined by the Executive Board and responsible for, amongst other things, providing advice to the Executive Board on credit proposals requiring the Executive Board’s approval.

Regulatory Committee
The Regulatory Committee is responsible for, amongst other things, (i) ensuring a good understanding and an adequate overview of, (ii) regularly informing and consulting the Executive Board about and (iii) making strategic choices and taking decisions on, matters relating to changing (inter)national laws and regulations affecting the group.