ABN AMRO targets German corporate banking sector
Dutch bank ABN AMRO has announced the appointment of Stefan Meine as head of Corporate Banking responsible for the German market, in a bid to expand its existing services to the corporate sector.
Meine will join ABN AMRO as of Janaury 2017 and will be responsible for the group’s exising Commercial Finance, Leasing, Dutch Desk, Sales & Trading,Financial Institutions, Clearing and Advisory services, whilst being in charge of setting up a new team in order to expand ABN AMRO’s services to corporate clients in Germany.
While ABN AMRO has been present in the German private banking market through its acquisition of Bethman Bank in 2004, it now aims to diversify its credit portfolio by expanding the share of its international business to 20-25% of its overall profits, the group announced in August.
Meine joins ABN AMRO from Rothschild, where he most recently worked as head of Utlities in charge of the German speaking market. Prior to that, he spent more than four years at RBS as executive director M&A Advisory and as managing director and head of Corporate Finance covering Germany, Austria and Switzerland.
He has previously worked at ABN AMRO, between 2001 and 2008, he spent nearly eight years as head of Corporate Advisory for the Dutch bank.