Subsidiaries: further growth and greater synergies
The asset management activities were expanded in 2006 by the increase of Rabobank's interest in Sarasin.
Synergies were achieved in several areas, including funds distribution. Robeco improved its investment
performance and shifted its focus towards alternative investment products. It achieved this by acquiring
Transtrend and SAM Group in 2007, among other things. In 2007, it was decided to sell internet broker
Alex because of a growing overlap with services provided by Rabo Direct Beleggen. The planned growth
of Rabo Real Estate Group was achieved by acquiring parts of Bouwfonds in 2006 and organic growth of
FGH Bank. The lease activities grew, both organically and as a result of the acquisition of Athlon Car Lease
in 2006. The growth in car leasing contributed to Rabobank Group's stronger position in the domestic
retail market. In the area of insurance, the integration of Interpolis and Eureko was completed, with the
product range now also including health insurance.
12
Rabobank Group Annual Report 2008
