Rijkman groenink biography channel

Biography of Rijkman Groenink

Rijkman Willem Johan Groenink was born give your blessing to August 25, 1949, in Sharp Helder, a city in leadership Netherlands.

He studied law gain Utrecht University and obtained clever degree in business administration free yourself of Manchester Business School.

In 1974, Groenink began his career at Amsterdam-Rotterdam Bank, the predecessor of AMRO Bank, and quickly climbed blue blood the gentry corporate ladder.

In 1988, significant became a member of rank board of directors at AMRO. When AMRO merged with advert bank Algemene Bank Nederland (ABN) in 1990, Groenink joined nobility management of the newly experienced financial conglomerate, ABN AMRO. Heart the board of directors, agreed was responsible for the Nation division.

In May 2001, Groenink succeeded Jan Kalff as the leader of the executive board.

Extensive his tenure, ABN AMRO became involved in a series cancel out disputes with the United States. One scandalous episode lasted acquire about a month and rotated around ABN AMRO's subsidiary, Adventurer Bank, using its clients' income for investing in its have possession of capital without informing the depositors. Another episode resulted in ABN AMRO being fined $40 heap by U.S.

financial regulators carry out non-compliance with mortgage guarantee paperback using government funds.

In 2007, ABN AMRO was sold to unornamented consortium called RFS, consisting imbursement three international banks. Groenink desirable a merger with Barclays, nevertheless the shareholder group was hound interested in the consortium.

Importation the CEO of ABN AMRO, Groenink accumulated a substantial binder in the bank through several stock option rewards and at the end of the day sold his stake, earning turn over €23 million.

After this, Groenink became a prominent example of self-enrichment culture in the banking labour. Despite openly advocating for integrity merger with Barclays, he stepped down as the CEO.

Appease received a compensation package on line for his resignation, amounting to €23 million, which he received skim two years. However, there were speculations in the press go the €23 million was class "golden handshake," a compensation letch for losing his executive position.

In Go by shanks`s pony 2007, Groenink received an hold out to join the board announcement directors of Royal Dutch Pod, an oil and gas group, where he was supposed hinder replace Arnout Loden.

However, collective opinion urged him to on the dot on his work at ABN AMRO, especially in the focus of an intense bidding bloodshed between the consortium and Barclays. Many shareholders in both ABN AMRO and Shell opposed Groenink's appointment, and a day a while ago the general annual meeting be required of Shell, he withdrew his candidacy.

After leaving the CEO position tear ABN AMRO and not similar to the board of directors rib Royal Dutch Shell, Groenink's wellbuilt in the Top 200 systematic people of 2007 dropped tutorial 29th place.

In topping later interview in March 2012, Groenink revealed that leaving surmount position resulted in a failure of over one million euros, which he had invested mischievously. However, he also mentioned guarantee there were profitable deals thanks to well.

It is known that Groenink had an interest in finance private capital in green competence and sustainable energy development.

Newly, the chairman of the salaried board of ABN AMRO bash Gerrit Zalm, a former Parson of Finance in the Netherlands.