The Dutch bank has appointed a familiar face to replace its outgoing chief.

ABN AMRO, which is selling its Asian private banking business, has appointed Kees van Dijkhuizen, its chief financial officer, as chief executive. He replaces Gerrit Zalm, who is due to step down next year before his term ends.

In September, the bank announced that Zalm, who has been CEO since 2009, does not wish to complete his term of office, which expires in May 2018.

Van Dijkhuizen’s appointment is expected to secure regulatory approval by mid-February 2017. He will be responsible for executing and delivering the strategic targets announced at the time of the initial public offering in November last year. Van Dijkhuizen will also create the conditions for the Dutch government to further sell down the remaining shareholding, the firm said.

He joined ABN AMRO in 2013, having previously spent eight years as CFO of NIBC Bank. Previously, he held various positions at the Ministries of Finance and Economic Affairs. 

“Kees van Dijkhuizen has solid experience and a strong track record as CFO of ABN AMRO, and has held multiple senior executive positions in the banking industry and the public domain. His experience, combined with his personal integrity and leadership style and extensive network, make him well-suited to lead ABN AMRO,” said Olga Zoutendijk, chairman of the supervisory board.