New faces
J
2
short news
WHAT's Nf.wS Issue 10 November 1997
In brief
KNOWLEDGE SHARING
TEAMDAYS
F&A research is growing so
fast that colleagues around the
network hardly get a chance to
meet. Putting names to faces,
F&A research last month held
the first of what will now be
an annual event - the F&A
research teamdays. Bringing
together new candidates from
all over the network, the team
discussed future directions.
Taking a break from tbeir team
building activities. Standing from
left to right: Frans van Bijsterveld,
Mare TimmermansLiesbeth de
Schutter, Paul Hofman (Utrecht),
Sylvia Verheijden (Sao Paulo),
Joyce Cacho (New York), Heieen
Glaudemans, Eric Baas, Willemijn
Rijnsburger, Martha van den Berg,
Manon Irion, Ahrend Heijbroek,
Anne van Dijk (Utrecht), Anning
Wei (Hong Kong), Rafi Wazir,
Peter Spitters, Anjo van Potten
(Utrecht). Sitting from left to right:
Lee Chin Tuck (Singapore), Henk
Rijkse (Utrecht), Alejandro Reca
(Buenos Aires), Adrie Zwanenberg
and Danny van Doesburg
(Utrecht), Michael O'Keeffe
(Sydney), Tiemen Leijh (Utrecht),
Charlie Taylor (Sydney).
people
Brazil Rute Nakatsukasa started
as distribution and syndication
officer.
France New deputy general
manager is Frans Cuppen.
Frans comes from corporate
banking in Utrecht.
Germany Peter Geis head of
financial markets left the bank as
well as André de Sike former
head of M&A.
Horig Kong Dennis Ziengs has
been appointed general manager
'Greater China', also responsible
for our current activities in
Korea and Japan. Dennis comes
from New York and replaces
Roelf Hagoort.
India Hans Hannaart has been
appointed managing director
of our Indian joint venture to be
founded in Bombay.
Luxembourg Hein Buschmann
and Arne van der Ent joined
the advisory team as officers.
Cees van de Giessen will be the
Well, to Chicago's F&A team,
leader Elizabeth Flund is not
exactly new - but to San Francisco
she soon will be. Lizz is due to
leave her Chicago post to become
San Francisco's new manager.
Following more than 18 years in
banking and almost two years
with Rabobank, Lizz is no stranger
to the food and agribusiness
industry. The position is a
challenge, not only in the
transition to a new market, but
also in going from a team of six to
working together with a staff of
nearly 20.'Through the move, her
dedication to Rabobank also stays
intact, 'the American market offers
a huge opportunity for us. No
new senior advisory officer.
Cees comes from Guernsey.
Jan Vandervelde and Luc
Vrouwenraets are appointed
relationship managers.
The Netherlands at Rabo
Securities Dominique Bech
has been appointed managing
director. Andries Mak van Waay
has been promoted to general
manager.
Russia Kiev's new general
manager is Herbert Marx and
Ferdinand Tuinstra will be
responsible for risk control. In
Moscow Maarten Pronk has
been appointed general manager.
Singapore New general manager
is Roelf Hagoort.
Roelf comes from Hong Kong
and replaces Hans Hannaart.
Leo Boon Yong has been
appointed senior manager
financialengineering in the
treasury department.
UK New to corporate finance is
Elizabeth Hund
other bank in the States can offer
100 years worth of commitment
and a triple-A rating to their
clients. Rabobank's long-term F&A
and healthcare focus is a valuable
and unique asset. It makes doing
business - be it in the mid-west or
the west - a joy.'
Marjan van der Weijden as
executive securitization own
assets and Christine Schouten
as deputy manager clients' assets
securitization. Frederico
Verdolin has been appointed
associate director financial
institutions within the investment
banking group. Chris Curtis is
the new senior manager market
risk control and the Edinburgh
office has a new colleague in Ed
Smith as senior manager of the
relationship management group.
USA Reinier Mesritz becomes
general manager USA. He replaces
Dennis Ziengs. Correction: in
the last issue we announced the
transfer of Mario Lotufo
please note he is not the manager
of the FX and MM desks, instead
he has joined both teams to
promote FX and MM products to
Latin America. Sorry for any
inconveniences this may have
caused.
Cwhat's in a word)
As we move doser to the value
added style of banking, ie.acting as
intermediary ratherthan 'merely'
making loans, let's look at some of
the various forms money can take.
call money London money
market loans repayable at very
short notice. A highly liquid asset,
only practical if you have lots to
lend.
cheap money originally this
meant maintaining low interest
rates in times of recession to
stimulate investment; now cheap
money means throwing loans at
starvation margins at customers
who can piek and choose.
dear money high interest rates
which make lending expensive
and even prohibitive - this
meaning has never changed.
füght from money this is the
tendency to abandon the use of
money when inflation is very
high.Goods.such as cigarettes,
are then used to barter,or people
use foreign currencies.The
collapse of the Soviet Union is a
good example. Almost overnight,
Russians stopped using roubles
and US dollars and/or DM marks
3 became the preferred currencies.
high-powered money types
onmoniesthatqualifyas
commercial bank reserve assets.
inside money this is funds which
are an asset to the person/body
holding it, but a liability for
someone else. A good example is
bank balances.These are dearly
inside money.ln contrast, outside
money is an asset which is not
balanced bya liability. Gold
coinage is an example here.
interest-elasticity of demand
for money do you really want to
know?
Masthead
Editorial Staff
Editor in Chief.NoorTania-Stein (Marketing Rl)
Managing Editor: Anne Lavelle (Write Company)
Editors: David Brown, Samantha Dobson
Production: Len Fraser (RN Editorship)
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