April 2008
Cash management: How to make the most of a merger - Brian Stevenson, RBS
Brian Stevenson is the head of the new global transaction services division at RBS, following its acquisition of ABN Amro’s business. In his first interview since he took the job, he talks to Laurence Neville about separation, integration and what the future holds.
|
|
"As an advocate of the business, one shouldn’t be surprised if it is suggested that one should take responsibility for it"
Brian Stevenson, RBS |
TRANSACTION BANKING WAS one of the jewels in the crown of ABN Amro. It combined world-class products with a strong network and, in many of the markets in which it operated, was a top-four player. RBS, by acquiring much of ABN Amro’s global transaction banking business in 2007 as part of the consortium involving Santander and Fortis, instantly jumped into the big league. Previously, it had a relatively slim offering largely reliant on partner banks.
As soon as the consortium’s offer went unconditional on October 10 2007, industry chatter began about the shape of the new business, although the formal process of separation and integration of ABN Amro’s businesses could not begin until the Dutch regulator, De Nederlandsche Bank (DNB), gave its approval. Given...
You do not currently have access to this content. To gain access visit the subscription page or call our hotline on +44 (0)207 779 8999.
If you are a trialist or subscriber, please enter your username and password at the top right-hand side of euromoney.com
Subscribers to Euromoney benefit from:
Level 1:
- Online access to the past 12 months content
- Tailored RSS news feeds direct to your desktop
- News delivered directly to your mobile device or PC
- Personalised email newsfeed of 'Top stories' and 'Breaking news'
Level 2:
- Exclusive access to euromoney.com - Read the latest issue early online, search for specific developments by region or sector, interrogate the results of Euromoney's benchmark polls, and view the archive dating back to 2000
- 12 monthly issues of Euromoney magazine
- More than 30 specialist research guides free
- The results of Euromoney’s polls and surveys
- Tailored RSS news feeds direct to your desktop
- News delivered directly to your mobile device or PC
- Personalised email newsfeed of 'Top stories' and 'Breaking news'
Click here to subscribe