Van Lanschot Nominates UniCredit's Karl Guha as New CEO
June 28 2012 - 5:49AM
Dow Jones News
Dutch private bank Van Lanschot NV (LANS.AE) Thursday said it
has nominated Karl Guha as its new chief executive. Mr.Guha will
replace Floris Deckers, who will retire, and will execute the
bank's planned restructuring.
Mr.Guha will join Van Lanschot's management board Jan. 1, 2013.
Currently, Mr.Guha is member of the executive management committee
of UniCredit Group (UCG.MI) and chief risk officer since 2009.
Before that, he served 18 years for ABN Amro in various capacities
and countries, lastly as group treasurer. An extraordinary
shareholders' meeting to approve the proposed appointment will be
held in the fall.
The departure of Mr.Deckers, who has been CEO since 2004, was
announced in January, together with a restructuring plan necessary
to counter economic headwinds.
Van Lanschot will cut 10%-15% of its 2,000-strong workforce in
coming years to generate 60 million euros ($74.9 million) in annual
cost savings.
Van Lanschot launched its restructuring effort after the large
Dutch banks, ING Groep NV (INGA.AE), Rabobank Group and ABN Amro
Bank NV, had announced their plans. Many banks are reducing their
workforce to increase efficiency amid stricter regulation and
macroeconomic uncertainties.
Write to Robert van den Oever at
robert.vandenoever@dowjones.com
Abn Amro (NYSE:ABN)
Historical Stock Chart
From Jun 2024 to Jul 2024
Abn Amro (NYSE:ABN)
Historical Stock Chart
From Jul 2023 to Jul 2024