Information
New faces
THE KEY TO ADDED VALUE
2
F&A Research in South America
people ƒ-
short news
WHAT'S NewS Issue 6 June 1997
(what's in a word}-
When the Russian representative
office was launched lastyear, only
one international Rabobanker
waved the flag in the network -
Ludmila Kubanova. Now, however,
we have become a three-strong
presence in the Russian capital as
Alexey Belyayev (left) and Rodolphe
Evangelisti join the bank as deputy
generaI managers. Alexey (30) is
a Russian national and comes
from the Interstate Bank for the
CIS where he was advisor on
international banking. Previously, he
held a cluster of senior positions,
such as director oftreasury and
board member at the Tveruniversal-
bank. Rodolphe (31) is French and
joins us from Paribas where he was
deputy representative for their
Moscow branch. For more on the
Moscow connection, see page 13.
What happens when a
European farm owner - maybe
a French wine maker or a
Dutch dairy farmer - wants to
take over a comparable
enterprise in a South American
country like Chile or Brazil? Or
if a food processing company
plans to start a new operation
in one of those countries, and
needs to find the right location
and set up its supply and
distrihution lines? Or if a local
entrepreneur wants to finance a
major new investment in his
business, maybe to start up an
activity at a different level of
the production chain?
In each case, they will probably
consult their bank at an early
stage for advice and support. If
that happens to be a Rabobank
branch, they are likely to have
a head start in terms of
information and local know
how, thanks to the strong focus
on Food Agribusiness
research in the region.
"Our strength is the ability to
offer real added value to our
customers by providing
detailed information on the
local F&A markets. Based on
that information and the
know-how behind it, our
consultants and account
managers all over the world
can give their customers
accurate and up-to-date
information about the latest
market developments", says
F&A Research team member
Sylvia Maria Verheijden, who
is based at the Sao Paulo office
in Brazil. "In addition, when it
comes to providing services like
financing facilities, consultancy
or M&A, our detailed
knowledge of the F&A markets
in many cases helps us to create
made-to-measure packages that
closely meet the needs of
individual customers."
(continued on page 3)
Germany - Simone Claus and Elke
Piereder are leaving their jobs with
the Frankfurt Corporate Sales team,
and the bank.
Hong Kong - Hemal Khanna joins
our bank as investment officer with
Private Banking.The Credit depart-
ment welcomes Ellis Chen, their
new senior risk analyst. William
Moore became head of Logistics
Masthead
Editorial Staff
Managing Editors: Vincent Pijpers (Rl
Marketing),
Paula van de Riet (RN Editorship)
Editors: David Brown.Anne Lavelle.Nigel
Morrison
Production: Len Fraser (RN Editorship)
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_ef@comm
Internet: Rabomagazine@rn.rabobank.nl
Design and printing by
Hoonte Holland bv. Utrecht
Please send address changes to
the editorial address.
and Planning earlierthisyear.
Italy- Mariano del Vescovo joined
our Milan Branch as senior account
manager.
Singapore - Victor Ang Kim Huat
will join us as senior manager and
head of Credit. Victor is leaving his
post as senior credit risk manager
in the Deutsche Bank's regional
head office. Peter Tang Chee Wye
joins us as senior project manager
with Corporate Structured
Finance. Tong Cheng Leong left
the OCBC Bank to join us as
investment settlement assistant for
Operations (RAL).
Netherlands - Anton van Etten is
returning to the Netherlands from
Singapore, where he was a current
option dealer. In Utrecht he will
take on the job of Fra and futures
trader Sybren de Hoo joined the
bank as manager of strategie
sustainable development with
Corporate Finance. Also joining
us at Corporate Finance is Henk
Groeneveld, now senior manager
structured finance. Douwe van der
Meer has a new position as head of
Cash Management Services.
Doreen Philips-van den Heuvel
has been promoted to senior
relationship manager financial
institutions at Investment Banking.
Spain - Joachim Krinke of the
Paris Treasury department is
leaving for Madrid and the Popular
Rabobank'sTreasury department.
United Kingdom London Branch)
- Alastair Johnston has joins us as
senior manager of international
corporates with the Relationship
Management Group. Diane Kayne
signs on as associate director
MTN/asset packaging for Invest
ment Banking. Administration's
ranks are strengthened by Natalie
Driver who is now operations
assistant with the settlements
department. Our new director of
Eurobond sales at Investment
Banking is Julia Barnaby. Michael
Townsend joins us as associate
director of structured finance at
Corporate Finance.
EU and EMU focus on Holland
is reason enough to give you
a few more of those typically
Euro-style words.
Subsidiarity is a word coined
by the Maastricht treaty and
which you'll be hearing a lot
this month. It means that
decisions of any significance on
Europe should be 'taken as
closely as possible to the
citizens', ie. where appropriate
by regional or local authorities
and referendums.
Stability pact name says it all.
This pact is designed to ensure
that EMU countries cannot
endanger the monetary policy
of the ECB through sloppy
budgetting.
ECB The European Central
Bank's function is clear but it
has yet to be established.
Currently,the European
Monetary Institute is the one to
watch. However, once in place,
the ECB's primary objective will
be price stability. Monetary
policy definition is decided by a
council of governors while
broader economie policy is
determined by Ecofin.the
council of EU finance ministers.
NCB national central banks of
EU member states.They will
contribute the ECB's capital and
reserves - ECU 5 billion and
ECU 50 billion, respectively.
Current reserves of all 15
central banks in non-EU
currencies total ECU 200 billion
(mostly USD) plus gold reserves
of ECU 100 billion.
EMI the European Monetary
Institute is the forerunner to
the ECB. lts role is to develop
measurements of various
criteria which are crucial to
convergence, but also to the
value of each currency after
EMU.The Institute is located in
Frankfurt - much to British
dismay - and is headed by Wim
Duisenbergwho will probably
be president of the ECB when it
is set up and opens for
business on 1 January 1999 in
this German financial centre.