New Face Business BLESSING RAIBO - COOPERATING IN COOPERATIVES 2 in brief WHAT'S NewS Issue 8 August 1996 (what's in a word)- As part of ongoing plans to expand the Guernsey operation, especially in investment management and trust, Andrew Courtney has been appointed director of both Rabobank Guernsey Ltd and Rabobank Trust Company Guernsey Ltd. He will be responsible primarily for banking, treasury and administrative functions. Andrew (37) has almost 20 years banking experience, both international and domestic. Born in Bristol in the UK, he has lived in the island for 30 years. He is married with five children and enjoys gardening, messing about in boats and, most recently, golf. IPB in Switzerland is the special theme this month, so we go back to our bluffer's guide to IPB/Trust for this month's odd and less odd terms and jargon. Hold mail service name says it all, ie. bank holds cliënt mail. Safe deposit box service the private bank holds confidential boxes for clients. people J- Curaeao Frank van Ekeren legal counsel in Utrecht has been seconded for a six months'period. Oermany Holger Dohra is appointed trader with the financial markets'sales desk. Uwe Opitz senior account manager, non-food,and Paula Sheehan project manager corporate finance, leave the bank. Great-Britain The M&A department has been reinforced by David Craig. Luxemburg Guy Vanhuysse joined the Belgian Desk as relationship manager. Paul der Weduwe is appointed portfolio manager IPB. Netherlands Hans van de Weerd jr. joins the international trade finance team. Hans was formerly an F&A account manager. Dienke Herman de Groot joined the Paper, Packaging Services account management team. Dienke comes from operations.Clerq de Zubli joins Rabo Trust. New head of the Masthead Editorial Staff David Brown (Editor), Anne Lavelle (Editor), Noor Tania (Final Editor/ Marketing Services). Editorial Address Rabobank Nederland, Wineke van Doezelaar and Arlette Lafère, Editorial assistants, UC-R 519, P.O. Box 17100,3500 HG UTRECHT. Telephone:+31 (0)30 2162083 Telefax:+31 (0)30 2161904 Internet E-Mail address, Lafere A.A.C.@ico_uc@comm (for internal use only) Internet-address, RaboMagazine@rn.rabobank.nl Designed and printed by Hoonte Holland bv, Utrecht. Please send change of address cards to: A.de Keijzer,BC 102 A. Derivatives Sales Desk of Financial Markets is Maarten van der Kloot Meijburg.Ruut Schalij is appointed head oftheTrading Fixed Income Derivatives Desk. Henk Otten joins the M&A team. Henk comes from Rabobank Hong Kong. Bart Jan Krouwel is appointed director of Green Management BV. He succeeds Frans van Bijsterveld who becomes the new head of Agri Research. Simone Blommestijn and Willibrord van Nierop have joined the international legal and tax department as senior legal counsel. Anneke Broere has been appointed senior liaison officer South America. Anneke comes from the international legal and tax department. Lambert Thiry, Steven van de Wall and Paul Roethof left the Financial Markets Division. Singapore First M&A specialist focusing on international F&A is Alvin Cheng. United States The M&A team has a new member in Peter Stein. Although the Bangkok team is still chasing its official banking licence, one essential aspect of doing business in Thailand has already been taken care of. The official Buddhist Blessing Ceremony for Rabobank Thailand was attended by around 30 clients. 'The ceremony itself was highly auspicious,' says Kanitta Uawithya of the Bangkok office. 'The clients joined us to wish us well in our activities for the future and we were fortunate to have Arjan den Heijer of Singapore branch here to mark the occasion.' The International Cooperative Alliance conference organized in the Brazilian capital in early July not only provided insight into the way cooperatives are organized in that country. 'It also proved an event which spot-lighted Rabobank,' says Teun de Boon, who attended the conference with Arthur Arnold on behalf of the bank. At the present time, Brazilian cooperatives are in the process of setting up a nationwide cooperative credit system and are looking to Raibo for assistance and guidance - a perceived role for the bank which goes some way to explain why Rabobank was honoured with a banking licence this year by presidential decree. 'We were not the only European cooperative bank participating in the conference,' says De Boon, 'but our 98 successful years meant we certainly got the most attention.' Safekeeping (custody) service again, name says it all, but indudes Standard settlement, payment and collection services. Trust an arrangement enabling property to be held by a person(s) (trustees) for the benefit of another person(s) (beneficiaries).Trusts are used to provide for families and in commercial situations (eg. for pension funds.etc.). Cash-box or shelf companies a company where assets are liquid. Selling a cash-box company to a Trust company can be morefiscally advantageous than liquidation. SPC - special purpose companies are subsidiaries of the Trust company. Assets can be temporarily transferred to an SPC where they are managed and administered by the Trust Company. Guernsey Trust used for managing private wealth and passing on wealth to relatives, charitable institutions, etc. It is a legal concept in common law countries and is very flexible. Fixed Trust the trustee, ie. the administrator, has discretion to act on behalf of the trust because the person who creates it, the settlor, strictly defines both rights and obligations of the parties concerned. Discretionary Trust gives broadj authorityandthusbroad flexibility to the trustee enabling the settlor to distance him/her- self from the trust and its assets.

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blad 'What's news' (EN) | 1996 | | pagina 2