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ABN AMRO Intends To Appoint Abrahams As Member Of Executive Board And CFO

ABN AMRO's Supervisory Board announces that it intends to appoint Clifford Abrahams as Member of the Executive Board and Chief Financial Officer of ABN AMRO effective 1 September 2017. The nomination is subject to the approval of the appointment of Mr Abrahams by the European Central Bank or ECB and advice from the Employee Council. Until the appointment of Mr Abrahams becomes effective, Mr Rahusen CFO ad interim, will continue to execute these tasks.

Abrahams is currently a member of the Managing Board and the Group Chief Financial Officer of Delta Lloyd N.V. Abrahams joined Delta Lloyd in January 2016. In 2005, Abrahams was appointed as Chief M&A Officer at Aviva, a global insurance group and asset manager, followed by his appointment as CFO of a number of major subsidiaries of Aviva. Prior to joining Aviva, Mr Abrahams was employed for 12 years at Morgan Stanley, where he became Managing Director Financial Institutions in 2002.

The Supervisory Board also intends to appoint Ms Tanja Cuppen as Member of the Executive Board of ABN AMRO effective 1 October 2017. Following a hand-over period with Mr Wietze Reehoorn, the Supervisory Board intends to appoint Ms Cuppen as the new Chief Risk Officer, effective 1 November 2017. Wietze Reehoorn has agreed to resign from the Executive Board that same date. He will hand-over his remaining tasks and activities effective 31 December 2017. The nomination of Ms Cuppen is subject to the approval of her appointment by the ECB and advice from the Employee Council.

Cuppen is currently Chief Risk Officer North America at Rabobank North America, based in New York. Previously, she served as Chief Financial and Risk Officer at Rabobank International.

by RTT Staff Writer

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