Centenary
New faces
FOCUS
2
short news
What'S NewS Issue 2 February 1997
Next year, 1998, the bank will
mark a century of cooperative
banking. Reason enough for a
celebration, of course. But there
is growing sense within the
organization that the centenary
should be more than a party. 'A
number of work groups have
been established here in the
Netherlands to develop and
plan various activities through
which we will further distinguish
ourselves as a customer-
Brigitta van Kanten
oriented social responsible
bank,' says Brigitta van Kanten
of the centenary coordination
team. 'All are focused on the
future rather than being merely
a reflection of the past. At
present, we're working on a
concept for Rabobank
Internationals participation in
the centenary. The basic idea is
to involve both staff and clients
in our activities which will be
organized around themes such
as sustainable development.'
RI's centenary team consists of Roel
van Veggel and Vincent Pijpers
(marketing), Flip Goudsmit (Human
Resources), Bram Kruimel (NDS)
and Brigitta van Kanten. From now
on, we'll be giving you a regular
update on developments.
(what's in a word)-
people
Brazil Jose Roberto Machado
becomes Chief Trader within the
Treasury department. Fle follows
Paulo Werneck who passed on to
Corporate Dealer. Also Hans Lucas
has been appointed corporate
dealer. Hans comes from Utrecht
Branch where he was senior dealer.
Andrea Torres Landulfo starts
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 221,5600 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.
Erik Hommels - dealer of the year.
Well, not actually new. But Erik Hommels
has a new smile on his face following his
elevation to Reuters' foreign exchange
dealer of the year, 1996 in the Netherlands.
Tm thrilled and very surprised,' says
Hommels. 'It was the last thing I expected,
but half the dealing room seemed to know
about it.' Besides the trophy and a
certificate, Erik can celebrate his award with
a dinner at Reuters' expense. That's one
prize he won't be sharing with half the
dealing room...
Rabobank retains
its triple-A rating
from all top
agencies and is
now the only bank
in the world with
this prestigious
rating (see page
12).
within Corporate Banking as
account manager, putting
emphasis on health care. José
Mafra de Camargo Jr.joins the
team as senior account manager.
Germany thefinancial markets
department has new colleagues in
Torsten Elling chief trader Bonds
Bonds Derivatives,Jean-Luc Jacob
and Thomas Smolenski, both
DTB-OTC traders. Eva Goeb has
been appointed account manager
trade finance.
United Kingdom Thefixed income
trading desk has been
strengthened by director Richard
Emsley and senior dealer Justin
Preston. David Spragg has been
appointed deputy manager
market risk control.
Hong Kong the account manage
ment team has a new colleague in
Frank Huis. Frank comes from
Utrecht.
Indonesia Non Rawung, treasury
manager, left the bank.
Luxembourg Jacques Bonnier
has been appointed trust manager
and Willem van Riet joins as head
of advisory.
Netherlands the F&A team has
been strengthened by senior
account manager Leo Hoff.
Rabo Securities a team of Robeco
has been integrated in Rabo
Securities. Dick de Baat, Robert
Habets and Armand Bekx are the
accountmanagers sales, Rik
Ghijsels is advisor OTC and special
products. Other new staff are
Gerbrand ter Brugge as the new
head of equity sales. Newly
appointed head of trading is Joof
Verhees, Peter Huyzer is senior
market maker, Jan Quist senior
accountmanager equity capital
markets and Henk Bakker senior
for syndications. Henk comes from
financial markets in Utrecht.
Taipei Brian Hsing, research
officer, left the bank.
United States Daniël Bijlsma has
been appointed assistant manager
derivatives processing in New York.
Daniël comes from the AOBP
department in Utrecht.
Abbreviations and acronyms can
certainly make life easier.The
boredom factor that can creep
in ifyou haveto read eg.'block
order exposure system'eight
times in a four-line text is deadly.
But acronyms also cause
problems.They make some of
our communication extra
complicated.and as this listing
shows, takes us into the crazy
realms of acronyms explained
by other acronyms.
BLOX block order exposure
system is a system for buying
and selling large bloes of
securities on TOPIC (see what I
mean?).
TOPIC teletext output price
information computer is an
automated system that provides
brokers and market makers on
the London Stock Exchange
with share prices and bargains.
Input comes from the SEAQ.
SEAQ stock exchange automated
quotations system name says it
all unless you happen to be in
Singapore where the same thing
is abbreviated to SESDAQ (for
obvious reasons:the name in full
is stock exchange of Singapore
dealing and automated
quotation system. And then there
is also the
SEATS stock exchange alternative
trading system which
complements the SEAQ. Or what
about
SERPS state earnings-related
pension scheme.
Some are fun or humourous, like
KISS, CHIPS and CHAPS, some
unpronouncable, such as XD or
IOSCO, but apparently the
business can't do without them.
At What's NewS, we're starting to
see more and more working
their way into Rabospeak -
GPMs, SRMs, etc. Let's make sure
we use them carefully. One has
become so embedded in our
daily work.manyofusprobably 4
don't even know what the
letters stand for.Test yourself.
SWIFT no.you'll have to turn to
page 15 to find out.
