Latin America - careers in
New faces
DEVELOPMENT
2
short news
WHAT'S NewS Issue 3 March 1997
Ongoing growth in the network means interaction and
cooperation on a regional basis is increasingly needed to
ensure customer value is optimized. Latin America is no
exception, and in fact was one of the pioneers of regional
discussion and information exchange, as the third annual
meeting held at the end of February shows.
Hosted hy the Mexico
operation, general manager
Frits Mönking says it proved
an extremely intense four-day
session. 'We not only had
region-related business to
discuss,' he says. 'A number of
presentations were scheduled
to keep us up to speed on
developments elsewhere in the
network. 'Among visitors to
conference were New York's
Bob Benoit and Reinier
Mesritz. 'They provided
presentations on how their
global management teams - on
administration and investment
banking, respectively - were
progressing. 'However, one of
the main priorities of these
meetings, and a permanent hot
item on the agenda, is the
management development
program the Latin American
region. Conceived as a pilot at
the Regional Managers
Conference one year ago by
Teun de Boon and Pieter van
Well, new is perhaps rather a bit
far-fetched for Walter van
Miegbem of Rabobank Antwerp.
A long-time treasury head there,
be bas recently begun to divide bis
time between bome territory and
Utrecht Branch. 'The idea,' he
says, 'is to handle treasury
products in Utrecht, hut I've also
been designated a global product
manager for investment banking.
This means Til be working with
Masthead
Editorial Staff
Editors: David Brown, Anne Lavelle
Managing Editors: NoorTania (Rl Marketing
Paula van de Riet (RN Editorship)
Production: Len Fraser (RN Editorship)
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_ef@comm
Internet: Rabomagazine@rn.rabobank.nl
Design and printing by
Hoonte Holland bv, Utrecht
Please send address changes to
the editorial address.
colleagues to seek synergies between
groups and products and cross
border.
people
Brazil Luiz Conrado Sundfeld
has been appointed trader forex.
Oermany account manager
Martin Westenfelder left the
bank.
Indonesia Charley Seliang
becomes manager treasury.
Italy Mauro Bombacigno left the
bank.
Netherlands Philip Gardiner
joined the Telecom Team. He will
be responsible for debt
structuring. Tjeerd de Vries
moves to investment banking.
Tjeerd comes from structured
(what's in a word/-
Frits Mönking
Gent, Astrid Callenbach
played a major role in
establishing the program and
interviewing the people,
starting pretty much from
scratch,' says Mönking. 'We all
know how crucial top quality
personnel are for our
operation. If we manage to
recruit good people, then we
have to be in a position to
offer them something
substantial and longer term.
That is why we see this
program as so vital, because
we can benefit from each
other's opportunities for career
development, both regional
and global. We have to get the
best out of those
opportunities.' By getting an
overview Mönking and his
colleagues from Chile, Brazil,
Argentina and Curagao believe
they can not only help to meet
each other's personnel needs,
but also add a developmental
aspect in enhancing the
region's management potential.
finance. Raymond Plischke
returns from Rabo Securities to
Utrecht branch. Raymond will be
responsible for syndication,
eurobond private placements
trading.
United Kingdom Hilary Maccabe
has been appointed associate
director syndications. Richard
Spillett joins the treasury
derivatives department as senior
dealer. Liz Merica joins the
London treasury. Liz comes from
investment banking in Utrecht.
A varied bunch of odd words
and phrasesforyour
delectation. All have a very
different original meaning, but
have somehow crept into the
jargonese of banking and
finance.
Kamikaze pricing refers to
offering loans at extremely low
rates in the hope of winning a
larger share of the market.
Kangaroos affectionate
London Stock Exchange name
for Australian shares.especially
in mining and land companies.
Lady Macbeth strategy this is
take-over talk.This strategy i
means a third party enters the
take-over battle making a bid
that would appeal to the target
company. In the guise of a
'white knight'it then shifts
allegience and joins forces with
the hostile bidder.
Corset for when the markets
are feeling the pinch.Two
actual meanings here:one is
the restriction of movements of
currency exchange values
imposed byformal market
mechanisms.The second is a
restriction imposed on
borrowing or lending, generally
by a government.
Acid-testforgetchemistry
lessons.this test is also known
as liquid ratio which is the ratio
of liquid assets to current
liabilities.This ratio gives an
indication of the company's
ability to meet obligations and
thus is the ultimate acid-test of
solvency.
Valium picnic usually a non
trading day on a stock exchange
orother commercial market.
Stag not a participant in a
groom's pre-wedding bash, but
a person who applies for shares
in new issues in the hope that
the trading price will be higher
than the issue price.
