Alberto Francioni, ABN Amro’s joint head of treasury and fixed income, was recently due to attend an executive committee meeting and then lunch at the bank’s Amsterdam headquarters. He didn’t arrive and colleagues, including one of the two managing board members in charge of investment banking, professed ignorance about his absence. Later that day it was hastily announced that he had left for “personal reasons”.
Maybe. But what kind of personal reasons? This looks suspiciously like a re-run of the clashes that have occurred at other continental European banks wrestling with the problems of building and running a London-based investment bank.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
