ABN Amro European Private Client Supremo to Leave

Stephen Harris

29 September 2006

Dolf Collee, a member of the ABN Amro managing board with responsibility for private clients and retail business units in Europe, is to leave the Dutch bank at the end of the year. His responsibilities are to be taken over by other board members, according to a statement from ABN Amro. His departure is thought to be unconnected with recent departures from ABN Amro Private Bank in the UK. As well as responsibility for Antonveneta, Italy’s ninth-largest lender which ABN bought last year, Mr Collee has responsibility for, and is vice-chairman of the executive board of, Italy's Capitalia in which ABN Amro is the largest shareholder with a 7.7 per cent stake. "I'm leaving the bank with mixed feelings," said Mr Collee, who joined the bank in 1980 and was appointed to the managing board in 2000, in the statement. "I am very proud of all we have accomplished at ABN Amro in the past years and regret that I leave at this moment of time as our task isn't done yet." A spokesman for ABN Amro told WealthBriefing:"I don't agree that the integration of Antonveneta is not going well. Market share slipped last year when he had a conflict with a rival bidder. There is no relation between Mr Colle's departure and his performance in Italy or elsewhere."