WORLD CUP HOCKEY
New faces
2
Rabobank International
UTRECHT
short news
What's News Issue 12 December 1996
people )-
Belgium Erwin Vanderdriessche,
Jan Franck and Philippe van den
Hove leave the bank.
Germany Darius Kianzad of M&A
leaves the bank.
Great Britain Sabina Mangosi
joinstheTreasury as marketing
dealer. Ng Chee Hong is
seconded for one year from
Singapore as trainee in the
London treasury.
Hungary Tamas Simonyi is the
newgeneral manager for
Budapest.
Luxembourg Roland Winkel joins
the bank as head of portfolio
management.
Netherlands Mark Timmermans
is the new sector manager of F&A
business research. Corporate
banking's F&A team has a new
senior account manager in Leo
Hoff.Jacqueline Pieters is
appointed as account manager of
this team. Jacqueline comes from
the trade finance department.
Fred Huibers of IPB leaves the
bank.
United States Maria Jesfen
joined the New York office as
corporate services specialist
(commodities). Guillermo
Mairena is the newTrade Finance
specialist in the Agribusiness,
Commodity and Trade Finance
Department. Kevin King joined
the corporate banking team as
relationship manager and team
leader. In Chicago Thomas Kelly
has been appointed relationship
manager.
Masthead
Editorial Staff
Editors: David Brown.Anne Lavelle
Managing Editor: NoorTania (Rl Marketing
Production: Len Fraser
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 21619 04
Rabomail:
Rabo Magazine@ico_uc@comm
Internet:
Rabomagazine@rn.rabobank.nl
Design and printing by
Hoonte Holland bv. Utrecht
Please send address changes to
the editorial address.
(what's in a word~)-
(Continued from page 1)
unique event. For the first time
ever, both the women's and
men's championships will be
held in one location here in
Utrecht.'
The decision to sponsor
hockey was a strategie one.
Apart from obvious links in
the cooperative culture and
structure of Rabobank and the
KNHB, Dutch hockey stands
for top level international
competitiveness. Moreover,
there is a high percentage of
senior management and
executives throughout the
world among hockey fans.
'This means we can use our
role as main sponsor to carry
out some very focused
relationship marketing,'
Pijpers explains. 'We will be
putting together cliënt
programs for our relationship
managers throughout the
network. Program details will
be announced closer to the
actual date, but we want to
remind our people around the
world that this is coming up.
They can already start
thinking about how they can
use the event in their
marketing to clients.' So, note
the dates people: 20 May to
June 1 1998 means 13 days of
top hockey from teams
representing around 16
countries. The fact that 1998
also marks both the centenary
of the KNHB and Rabobank is
icing on tbe cake.
Starting from the left: Michiel Jansen, Giso van Loon/Reinald de
Monchy, Jochem van Haaren, Joost Gietelink and Reiniera van de Feltz.
A new cohort of trainees has made its entrance into the
bank - this time specifically focused on financial
markets. The unique aspect of their recruitment is
that the first selection was carried out by telephone.
Ads were placed and a financial markets team
manned a hotline to sift through aspiring candidates.
Of the seven new faces, four come from outside the
bank, while three were recruited through internal
channels. The group began their training program on
November 1.
As the Netherlands prepares to
take over the presidency of the
European Union, let's look at a
few of the existing 'euro'based
elements in capital markets
that have preceeded possible
monetary union.
Eurocurrency this can be any
currency.What makes it 'euro'is
that it is held in an account in a
European country other than
that of origin. So, US dollars
held in the UK become
'eurodollars',or yen deposited
in Sweden become euroyen.
Eurocurrency is used for
borrowing and lending.
Eurocurrency market a source I
of often cheap and convenient
liquidity for flnancing
international trade and
investment. Major borrowers are
primarily banks, large corporates
and central banks (Rabobank
sources a significant amount of
funds from this market.)
Eurobonds issued in a
'eurocurrency' - this is one of
the largest markets for raising
funds. One reason for its
popularity is that secondary
market investors can usually
remain anonymous, ie. can use
this investment in fiscal
engineering. Eurobonds come
in all shapes and sizes -
ordinary fixed-interest,or
straight, floating-rate based on
LIBOR, perpetuals, etc.
Eurodeposit a deposit in the
currency of another country, ie.
a transaction in the
eurocurrency market.
Eurodear one of two
settlement houses for the
clearance of eurobonds. Set up
in 1968, it is located in Brussels.
The other is the Centrale de
Livraison de Valeurs Mobilières.
Euromarket not the European
Union in this sense of the word,
but a market that emerged in
the 1950sforfinancing i
international trade. Main
euromarkets are located in
London, Paris, Brussels and
Frankfurt.
