Fortis Appoint New Private Banking Head

Contributing Editor

9 May 2006

Fortis Private Banking has appointed Fred Bos as its new head after the sudden departure of the previous head Rob ten Heggeler, who left to join the board of Rabobank International after just a little more than a year in the job. The appointment is an internal promotion – Mr Bos was previously responsible for Fortis’s commercial banking activities in the Netherlands, Scandinavia, Asia and the US. Mr Bos is also member of the executive board of Fortis Bank (Netherlands) Holdings. He started his career in 1991 with Bank Mees & Hope, one of Fortis's predecessors. Karel De Boeck, chief executive of commercial and private banking for Fortis, said in a statement: "We welcome Fred to a fast-moving train. Rob has done a lot of great work during his five years at Fortis, and private banking is in fine shape right now. There's still a big task ahead, but we're fully primed for continued growth." He added: "With our international strategy clearly established, funds under management increasing by 33 per cent to almost €70 billion ($88.8 billion) and net profit rising even faster, the last year has been tremendous. This, combined with the acquisition of Dryden Wealth Management, creates the expectation that Fortis Private Banking will move further up the ladder of European top private bankers."