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.