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Over the last 10 years, many of the world’s private banks have been forced to withdraw from a global footprint in favour of a more streamlined, less complex and more efficient business model.
ABN Amro epitomizes that journey. For the Dutch bank it has been a long and complicated road that began with the misjudged takeover in 2007 by RBS, Fortis and Santander. This led to it being split up, parts sold off and the bank and private bank taken over by the Dutch government in 2010.
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