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Van Lanschot Appoints New Head Of Private Banking
Stephen Little
24 May 2013
Van Lanschot, the Dutch private bank, has appointed Richard Bruens as head of its private banking business unit, effective 1 August. Bruens joins from ABN AMRO, where he was global head of private wealth management and global head of products and solutions. He began his career at ABN AMRO, where he held various managerial positions at the global markets division and the head office. In 2007, he joined the executive committee of Renaissance Capital in Moscow, before returning to ABN AMRO in 2010. In other recent news, Van Lanschot announced it was set to slash 250 jobs due to reorganisation following a strategic review. The bank said compulsory redundancies could not be ruled out and that the reorganisation is expected to cost €20 million ($26 million). Most of the cuts will be made by the end of 2013 and the bank said it did not rule out further losses in the long term.