in brief
didyou know
Strengthening securities
Strategie TMT
What's NewS Issue 4 June/ July 2000 I f
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ECB Watcher
In efforts to expand its
securities activities for
private individuals,
Rabobank has acquired
the Effectenbank Stroeve.
On 28 June, Wint van
den Goorbergh, membcr
of the Executive Board
Rabobank Nederland and
Hans Stroeve, chairman
of the Managing Board
signcd the agreement that
enables Stroeve to further
develop its core compe-
tency and achicve acceler-
ated growth. The acquisi-
tion will provide
customers with an even
wider range of high-qual-
ity securities services.
Founded in 1818, Effectenbank Stroeve
N.V. offers high-quality investment con
sultancy and capita] management to pri
vate individuals. In addition, the bank
provides executive and administrative ser
vices to independent capital managers (in-
termediaries). The bank has 80 employ
ees, with headquarters in Amsterdam and
additional branches in Maastricht, Haar
lem, Rotterdam, The Hague and
Antwerp. Stroeve will continue its activi
ties within the new structure with an em-
phasis on investment consultancy for pri
vate investors with substantial capital and
services to independent capital managers.
After the acquisition,
private capital manage
ment activities will be
concentrated in
Schretlen Co, the pri
vate bank of Rabobank.
Schretlen Co is the
competence center
within the Group for
capital planning and
capital management for
private individuals and
medium-sized institu-
tional investors. Stroeve
will continue its activi
ties within the Group,
alongside Schretlen
Co, as a separate com
petence center operating
with its own identity,
under its own name and management.
The Group's securities services have
grown spectacularly in recent ycars. The
amount of capital managed by the Group
rose front EUR 12 billion in 1995 to EUR
113 billion at the end of 1999. This
growth can be explained by the rapid rise
in the number of investors, sharply in-
creased share prices and a number of ac-
quisitions. The investment activities of lo-
cal branches have likewise grown rapidly.
The number of securities orders increased
sixfold between 1994 and 1998 and the
number of investors rose by 13% annu-
ally.
Tailoring to private interests:
Amsterdam's Effectenbank Stroeve
on the Herengracht 130
June 13 and 14 saw the first Asian Tele
com, Media and Technology (TMT)
strategy meeting, hosted by our Hong
Kong office. Coordinated by Gerard van
Kaathoven, global head TMT, discussions
centered around relationship development
plans for key regional players, industry
trends, and formulating strategies that ac
cess the growing and highly capital inten
sive Asian TMT market. Industry special-
ists, relationship managers, and product
and risk managers from our offices in
Hong Kong, India, Singapore, Malaysia,
Taiwan, and Utrecht combine experience
and diversity to create a team of experts.
Following the agreed basic framework, a
team from each country will prepare a de-
tailed business plan, including alternatives
to promote and reward cross-border co-
Developing regional strategies: back - Wim
Borgmeier (left), Ronil Sujan, Gerard van Kaat
hoven, Berry Marttin; front - Naran Narendreth
(left), Anitha Komanthakkal, Peter Tang,
Marjon Wind, Frits Monking, and Richard Lee.
Missing: May Wong Tung
operation. These plans will then be Con
solidated into a single report that will be
sent to RI senior management for final
discussion and approval.