IPB Olympic for Singapore New New faces - II ENHANCEMENTS FACES - I 7 short news WHAT'S NewS Issue 11 November 1996 The Olympic system was brought on line for Singapore with assistance from the dedicated IPB IT team in I.uxembourg last summer. The basic system went live on July 1 and now the combined teams are working on fine tunings. Says Luxembourg's Jesse Brewster: 'Singapore needed this system and they needed it fast to meet basic clients needs. It was the first time ever that we actually tailored a system to specific requirements by sitting down together and working out exactly what was needed. This has proved successful. But our people in Singapore, and Hong Kong, who have remote access, now feel the need to enhance the present system.' Jennifer Sim, head of IPB operations in Singapore agrees. 'Our clients are pretty happy with the basic services this system provides, but they are increasingly requesting more complex reporting, such as FX margins. We are now working closely with the team in Luxembourg to generate these enhancements and to work out improved management reporting. We'11 keep you up to date on progress.' Reinier Mesritz RI Nortb America has a second memher of the executive management team in Reinier Mesritz. As Executive Vice President Investment Banking he will focus on the management, development and expansion of the Investment Banking Group. Reinier comes from Nedship Bank in Rotterdam where he was managing director. Rabo Securities is consolidating its management team. New director of operations Dennis Patrikios (right) joins the Amster- dam-based team from CS First Boston Effektenbank in Frankfurt where he was head of finance, administration and organization. He brings international experience to Rabo Securities in a variety of relevant fields, such as equity sales, commodities and financial futures. For some years, Dennis was Dutch securities market maker with Drexel Burnham Lambert. Recently appointed director of trading at Rabo Securities, Huib Boissevain (left), also brings broad-based professional experience to his new position. He comes to us from Zurich Life/Zurich Insurance where his most recent position was deputy director of investment and business unit manager for corporate markets. Masthead Editorial Staff Editors:David Brown.Anne Lavelle Managing EditoriNoorTania (RI Marketing Len Fraser (Production) Editorial Address Rabobank Nederland, UC R 519 P.O.Box 17100, 3500 HG UTRECHT Telephone: +31 (0) 30 216 20 83 Telefax:+31 (0)30 216 19 04 Rabomail: Rabo Magazine@ico_uc@comm Internet: Rabomagazine@rn.rabobank.nl Design and printing by Hoonte Holland bv, Utrecht Please send address changesto the editorial adress. people Brazil Sao Paolo has seen its staff grow rapidly in recent months. Ernando Antoniolli joined the branch as head of corporate banking, Cesar Ciavolih has been appointed account manager F&A, Pedro Paulo Teixeira comes in for APFT, and Otmar Plee as senior account manager. Luxembourg Erik Brans joins the bank as portfolio manager. Netherlands Hans Reusch, formerly head of F&A research has been appointed coördinator of the Euro project for the international network. Hans Uppelschoten moves to the Agri Project Finance team while Hanneke van Berckel becomes account manager with the institutional investor team. Pieter Zwart joins the middle market account management team. Nico Schrijen, Arnold Minderhoud and Erik Jan Verhulst of corporate banking leave the bank. UK Neil Spalding is the new account manager healthcare within corporate banking. Assistantgeneral manager John Brown leaves the bank for reasons of retirement. (what's in a word} We use them every day, but what is the exact disctinction between share,security,stock and equity? Here's the answer. Equity this is a complicated one. Equity actually has four different meanings. Iit is a beneficial interest in an asset. Home ownership is a good example here. Ifyou own a house valued at NLG 100,000 and you have a mortgage of NLG 50,000, then you have an equity of NLG 50,000 in the house. Equity 2 the netassetsofa company after all creditors have been paid. Equity 3 the amount of money which remains after an asset has been sold and all related loans have been repaid. Equity 4 the ordinary share capital of a company. Security A financial asset, including shares, stocks, bonds, etc. But also an asset which is used as collateral for a loan - often known as collateral rather than security in banking. Share one of- usually a limited number of- titles to ownership of a company. A share gives the owner the legal right to part of the company's profits and voting rights.There are numerous types of shares.The most common form is the ordinary share which has no guaranteed dividend (ie.share of profit) but carries voting rights,and preference shares, whose holders are paid dividends before the ordinary shareholder. Stock In the UK, a fixed-interest security issued by (local) government or corporates. These usually have a redemption date and can be bought and sold on the stock exchange. In the US, stock means an ordinary share.

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