Rotterdam-headquartered ABN AMRO MeesPierson, the private bank of ABN AMRO, has named Jos ter Avest as the company’s new chief executive officer, with effect from 2 December this year.

Previously, ter Avest was responsible for markets and clearing at ABN AMRO and has extensive experience in the bank’s commercial and private divisions. He will replace Frans van Lanschot, who will serve as senior advisor to the managing board after stepping down as CEO.

ABN AMRO MeesPierson currently has €79 billion (around £66 billion) in assets under management.