New Faces
Senior managers moving up
2
in brief
WHAT'S NewS Issue 2 February 1996
Investment Advisory Service was
integrated into the international
division last October. The RIAS
team has since moved to Utrecht
and wilI be pursuing their
activities in consultancy on
banking, cooperative
development and agrihusiness
projects. Most of RIAS's projects
are carried out in Central and
Eastern Europe and in
developing countries and are
funded by the EU, the World
Bank, the European Investment
Bank and official Dutch bilateral
aid funds. Welcome back -
standing fltr Leendert Colijn,
Wim van Diepenbeek and
Reinier Kepel; sitting fltr Gerard
van Empel, Rudi Verschueren
and Sandra Geerts. Marco
Pieterse is missing.
(what's in a word}
We asked the private bankers
for explanations on some of
the less well known terms in
International Private Banking.
Asset allocation Notoniythe
type of asset class (equities,
bonds or cash), but also what
percentage of available capital
will be used and in which
currencies or particular
markets.
Discretionary/advisory
account In the first, the cliënt
empowers the bank to make all
investment decisions within
clearly defined guidelines;the
second means the provision of
advice but clients make their
own investment decisions.
Once a wholly-owned Rabobank Rabobank operation, now again
subsidiary, then a part-owned a full part of the bank, the Rural
Fiduciary deposit Swiss
specialty - a bank takes a
deposit and lends it on to
someone else, entirely at the
depositors risk. For the bank
the deposit remains off-
balance, but still makes a return
on the transaction.The cliënt
has the advantage of a higher
interest rate and the veil of
Swiss secrecy.
Lombard facility Granting a
loan to a cliënt for investment
in securities.Client contributes
part of securities costs from
own funds.
Portfolio management
Managing a client's
investments to achieve his
stated investment aims.
Portfolios -
income/balanced/growth
Income oriented portfolios are
short-term investments in
various currencies and first-
class bonds, but not in equities;
balanced means income and
capital-growth oriented, using
first-class bonds, equities
and/or short-term instruments;
growth is the use of any
available instrument aimed at
capital appreciation.
Private account An account
opened in any freely traded
currency under strict bank
secrecy.
January 1 saw some major changes at senior CBS levels. Long-time international chief and CBS
chairman Rik van Slingelandt has been appointed to the bank's executive board. Arthur Arnold
(right) of financial markets steps into position as CBS chairman while Hanno Riedlin (left) takes
over the international division.
Masthead
Editorial Staff David Brown (Editor),
Anne Lavelle (Editor), Stan Polman (Editor
in Chief), NoorTania (Final
Editor/Marketing Services).
Editorial Address Rabobank Nederland,
Piet Philipsen, Editorial assistant,
UC-R 519, P.O. Box 17100,3500 HG
UTRECHT.
Telephone: +31 (0)30 2162083
Telefax:+31 (0)30 2161904
Internet
E-Mail address Philipsen, P.@ico_uc@comm
(for internal use only)
Internet-address,
raboband @ico_uc@comm
Designed and printed by
Hoonte-Holland, Utrecht.
Please send change of address cards to:
A. de Keijzer, BC 102 A.
people
Brazil Dirceu Antonio Miranda
joins the new branch as treasurer.
Oermany Stephen Haming
reinforces the financial markets'
sales team. Karl-Ralf Jung has left
the bank's F&A corporate banking
team.
Indonesia Yohanes Suhardi has
been appointed senior account
manager.
Italy Maus Barendrecht leaves
Utrecht's foreign offices
department to become country
manager Italy.
Netherlands Rik Reisinger
moves to a new job as manager
project finance. Joost Verheijen
joins the M&A team as financial
advisor. Both come from the food
and agribusiness research team.
Ariëtte Dekker has been
appointed manager of the
structured finance team.
Singapore Jennifer Sim joins the
bank as deputy director
international private banking.
Doreen Lee is the new senior
officer in corporate banking and
structured finance. Christopher
Hayes is recruited as managing
director private banking and Mare
Tomcheck will be his deputy.
ChannelIslands Ton Knaap
becomes interim director of our
Guernsey office. He comes from
Ireland where he was deputy
general manager.
