in the network
Senior hirings
Indonesia update
new faces
London's move
Apilot management
program was recentiy
completed for RI senior
managers. The course, a
tailor-made RI initiative, was
created in combination with
the Dutch Nijenrode
University and our own
Rabo Academy. It attracted
no less than 22 senior
managers from far fhing
corners of our network.
Participants from Poland,
Indonesia, London and
Frankfurt branches com
pleted the three-day course
which was designed to boost
our unique cooperative cul
ture. The highly successful
program combined managing
and executive board presen-
tations, a visit to a local bank
as well as various networking
and team building activities,
including a creative stint with
a local artist.
2 What'sNewS Issue 12- December 1998
New senior Rabobankers turning managing into something creative
Newspapers continue to
report at length on the
impact of the riots and
demonstrations crippling
Indonesia, which were severe
around mid-November and
since then, have not totally
ceased - sporadic riots
remaining a daily event in
and around the country,
especially in Jakarta. And
naturally, in this climate of
political crisis, the economie
effects are really kicking in.
To make matters worse, the
growing insecurity is expected
to remain an issue, at least
until the general elections in
six months time. But for our
Rabobank team, as much as
possible, it's business as
usual. Although, according to
Jakarta's Christian Mol, it is
necessary for staff to take
extra safety precautions.
'We have had to make special
arrangements during riots for
staff to get home, since all
public transport grinds to a
halt. And on several
occasions we have had to
close early due to a lack of
security. But, business-wise,
we are doing ok. In this
severely decreased market we
have tripled our transaction
volume.' Mol puts it down to
the fact that 'domestic
banking is in shambles, and
for once quality is recognized.
From a recent IMF audit, we
came out one of the stronger
banks in Indonesia. And
clearly our clients really
appreciate that.'
Global M&A bas recentiy added
strength to their team through
two recent recruits. Brought on
board to direct European health
care coverage
/s f'"s
month's first
T y new face,
London-
based Gerard
Gregg-Smith.
He joins us
from Robert
Fleming where he worked for
three years in New York and
London. He was previously with
Baring Brothers and prior to that
gained his first fee! for financial
markets during a stint with the
London-based stock broker
Vickers da Costa. Health care
sector specific experience was
gained through six years with
Japanese Chugai Pharmaceutical
Company in Tokyo and London,
and another three years with
pharmaceutical giant Glaxo. No
stranger to working within
internationally focused
organizations, Gregg-Smith views
the move to Rabobank as
exciting. 'Rabobank's commitment
to health care M&A will pay off.
The sector has huge potential and
l'm excited about the challenge of
building up this area.'
This month's other new global
M&A face is New York based,
Torrey Rossetter, who has joined
to strengthen our coverage of the
domestic USA market. Complete
with a Harvard MBA, Rossetter
comes to us with over 12 years
M&A experience, principally in the
food and beverage sector. His
early training was with
Donatdson, Lufkin and Jenrette,
followed by periods with Arthur
Andersen and HUI Thompson
Capital Markets where, as
managing director, he ran their
food and beverage group. As a
major financial institution
specializing in the food industry
with significant relationships,
financing capabilities and global
reach, Rabobank represented to
me a meaningful platform on
which an industry specialized
M&A business could be built.
Given my investment banking
focus on the food and beverage
industry, I am well positioned to
help create Rabobank's M&A
franchise in the US.'
Having successfully
settled investment
bankers into London's
prestigious new Thames
Court premises, phase two
successfully completed on
Friday 13 November, when,
superstitions aside, some
300 employees took up
residence on the third floor.
The final stage, involving
human resources, M&A
and control Rl, among
others, was completed by
December 6. To recapthe
new London hranch
address is: Thames Court
I Queenhithe, EC4V3RL B
London, telephone
+44 171 809 3000,
fax +44 171 809 3500.
Masthead
Editorial Staff
Editors in Chief Mirjam Diepenbrock,
NoorTania-Stein (Marketing Rl)
Managing Editor Anne Lavelle (The Write Company)
Editors David Brown, Samantha Dobson
Distribution Len Fraser
Editorial Address
Rabobank International, UC B652
P.O.Box 17100,3500 HG Utrecht
Telephone +31 (0)30 216 2433
Telefax +31 (0)30 216 1976
Rabomail whats news@rn.rabobank.nl
Design the: write company, Amsterdam
Lithography Zetterij Niek van Dijk, Amsterdam
Printing Drukkerij Cliteur bv, Amsterdam
Please send address changes to the editorial address
