New faces
Kong
CD PROGRAM FOR HONG
2
C people
short news
What's NewS Issue 1 January 1997
maintain a functional
reporting line to Henk Visser,
chairman of Rabobank
Nederland's market risk
management committee.
In London, Robert will be an
assistant general manager and
a member of the branch's
management team. He will be
responsible for their local
market risk control function. A
consultant on risk
management with KPMG for
the past 10 years and most
recently a partner responsible
for the value at risk project in
Rabobank International,
Robert previously worked for
several financial institutions.
Global market risk
management is a crucial
discipline within the bank. The
new chief for this head-office
function is Robert A.
Armstrong. Although
reporting directly to our
managing board, Robert will
be located in London branch
from where he will also
Masthead
Editorial Staff
Editors: David Brown, Anne Lavelle
Managing Editor:NoorTania (Rl Marketing
Production: Len Fraser
Editorial Address
Rabobank Nederland, EO 516
P.O. Box 2215600 MA EINDHOVEN
Telephone: +31 (0) 40 217 50 09
Telefax:+31 (0)40 217 71 36
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.
Signing of the HKD 1.5 billion certificate of deposit program by
Roelf Hagoort of Hong Kong branch.
More signing ceremonies - this
time the venue is Hong Kong
and the branch is celebrating
the launch of a HKD1.5 billion
certificate of deposit program
which is created with arranger
HSBC Markets. 'This is great
timing,' says Roelf Hagoort,
general manager of the branch.
'We may be a Triple-A rated
bank, but as we are not listed
it is hard to attract funding
through deposits in local
currency. This CD program
represents a tooi to fund in
local currency so that we can
meet our long-term
commitments to clients here.'
Luxembourg Jacques Bonnier
has been appointed general
manager of RabobankTrust
Company Luxembourg S.A.
Netherlands Reijer van
Woudenbergh is moving to the
middle market group. His position
as head of the F&A account
management team will be taken
WHAT IS NEWS?
We get reactions from some
offices about what is being
published in What's NewS and
why some offices get more
attention than others.The answer
is that we are dependent on the
information we get from the
network. So if your office has
interesting information for the
rest of the network please contact
NoorTania (Marketing
Department) by telephone+31 30
216 2433 or fax+31 30 216 1976.
over by Steven Spiekhout.The
commodity finance team is
strenghtened with the coming of
Jan Willem Krens.The Utrecht
healthcare team has a senior
accountmanager in Michel van
Schaik and the Media Telecom
team was extended by the
coming of Duco Hordijk. Wim
Boonstra is the new head of
international research. He
succeeds Rens Dinkhuijsen who
is leaving for Unico. His position as
head of economie research will be
taken by Paul van de Ven.
Leendert Colijn returns to
international research as country
risk analyst. He used to work here
before he left for RIAS. Liesbeth
de Schutter has been appointed
researcher for the Meat team of
F&A research.
United States Willem Hein van
der Loo has been appointed
junior account manager in
Atlanta. Willem Hein comes from
Utrecht and will at first be working
fora halfyearin New York.
(what's in a word)
Mediating and negotiating
mergers and acquisitions are
increasingly attractive as fee-
earning activities. We look at
some of the terminology
associated with them.
Acquisition a rather more
delicate way of saying takeover.
Takeover speaks for itself-
one company takes over
control of another. But there
are lots of ways to do this:
Welcome takeover an offer
made to shareholders in order
to gain control of the company.
In a welcome takeover, the
target company's directors will
recommend acceptance to
shareholders.This is usally
called a merger.
Hostile takeover speaks for
itself.
Black, grey and white knight
in a hostile takeover, the
unwelcome suiter is known as
the black knight. A white
knight can ride in who
represents a bidder who is
much more acceptable to the
target company.The grey
knight is the most obscure as
this is a counterbidder against
the black knight whose
intentions are unknown.
Usually unwelcome to all
parties.
Poison pill in the event of a
hostile bid, the target company
can apply all manners of
tactics. One can be the poison
pill,an action which reduces
the value of the company.
Examples include selling off a
prized asset to a friendly
company or bank to make the
resulting assets less attractive.
Porcupine provisions also
known as shark repellents,
these are the collective name
for all the range of tactics that
can be applied against hostile
takeovers.