european financial group/DGRI merger
Overall project organization
Umbrella agreement
Learning process
Decision Committees
DG-Rabo Steering Committee
Rabo Steering
Committee
Toebosch (2)
Younes
Kolff
Tozer (cpo)
Bruggink
De Roo
Schuchard
Thiemann(i)
Flesch
Flach
Smits (1)
v.d.Goorbergh
Toebosch
Buerkner
Nikolic
DGRI Integration
Management
Flach (1)
Toebosch (1)
Nikolic/
Buerkner
DG Steering
Committee
Flach (2)
Eichwald
Flesch
Malt
Betz
Weber/Rey (cpo)
CPO Post
Central Project Office
CPO Post
Project Groups
Coordinating Committees
Project Groups
Contractual Separation [*us'ness.
v Integration
Working Groups
Business Separation
Integration DG Nue/DG-I Con,rac",al
Working Groups
with Italy's cooperative ICCREA and
well-advanced discussions with RZB of
Austria. The enthusiastic reception of the
idea by potential partners indicates the
multi-domestic concept could be a reality
within the next five years.
are now well positioned to take
concrete steps forward.
While the vision of a pan-European orga-
nization covering both retail and whole-
sale activities is clearly an exciting
prospect, for most people within RI (and
(1) Alternating Chairman (2) Chairman (CPO) Central Project Office
equivalents at DG), the joint venture be-
tween the two is an immediate priority.
For DGRI, there is no change in the ulti-
mate goal of building a new bank offering
corporate and investment banking services
through an extensive international net-
work. The Noordwijk meeting under-
scored how much had already been
achieved since initial discussions began.
Both banks have learned from each other
and uncertainty as well as practical details
involving the joining of our international
networks and cooperation in securities.
Senior management acknowledged the im-
portance of the issues raised and shared
with managers their plans to address these
concerns. By the end of July, tier-one man
agement appointments related to the inte
gration of the international networks will
bring clarity to the process. In addition, a
sues is expected shortly. Senior manage
ment described the time frame for the
DGRI umbrella agreement which must be
in place prior to the completion of the in
tegration process. The first draft of this
document is expected by early August,
with the final draft completed by the be
ginning of September. Wherever possible,
pragmatic solutions will be found for ac-
celerating the integration of our activities.
The Question and Answer Ses-
sion pulled no punches. Partici-
pants had the opportunity to
raise concerns directly with
Smits, Thiemann, Toesbosch
and Flach. Many questions ad-
dressed the issue of retaining customers
and staff during a long period of change
proposal from ITuman Resources to tackle
many of the staffing and motivational is-
