ABN AMRO will boost its offering to corporate clients in Germany. With effect from 1 January 2017, Stefan Meine has been appointed as Head of Corporate Banking in Germany to spearhead the bank’s activities.
ABN AMRO already offers corporate clients in Germany the services of Commercial Finance, Lease, Dutch Desk, Sales & Trading, Financial Institutions, Clearing and Advisory. Stefan Meine will build a new team which will expand the range of financial products and solutions for corporate clients in Germany.
Stefan Meine (44) worked for ABN AMRO from 2001 to 2008, then was Managing Director in Corporate Finance for Royal Bank of Scotland and Rothschild for eight years. He has extensive experience in advising large German and European companies, entrepreneurs and governments in developing and implementing their corporate finance strategies. Meine studied Economics at the Humboldt University of Berlin and has a postgraduate degree in Business Administration from the University of California, Berkeley.
Joop Wijn, member of the Managing Board at ABN AMRO, said: ‘Traditionally, ABN AMRO has extensive expertise and experience as a financial services provider to corporate clients. I am excited about expanding our activities to neighbouring countries, starting with Germany. And I have full confidence that, with Stefan Meine on board, we will get off to a flying start here.’
Horst Schmidt, Country Executive for ABN AMRO in Germany and CEO of Bethmann Bank, added: ‘In Germany, Bethmann Bank, ABN AMRO’s private bank, is a top 3 player in Private Banking. In the Netherlands, ABN AMRO has a leading position in Corporate Banking. It is a logical step for us to enhance our service to large corporate clients here. With his previous experience, financial and commercial knowledge and skills, Stefan will undoubtedly contribute to a successful expansion of our Corporate Banking business in Germany.’
As announced on 17 August 2016, ABN AMRO aims to diversify its loan portfolio and grow its international business to 20-25% of total operating income by 2017. The Dutch economy is closely linked with those of its neighbouring countries. ABN AMRO, backed by a good balance sheet and a strong platform of product and sector skills, is in an excellent position to serve corporate clients in Germany, France, Belgium and the UK within its sectors of expertise, i.e. Business Services, Financial Institutions, Food, Manufacturing, Retail, Technology, Media and Telecommunications (TMT), Transport & Logistics and Utilities. ABN AMRO aims to serve mid to large corporates with an international and moderate risk profile.