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A question mark has hung over the role of MeesPierson since the merger of its parent banks, ABN and Amro in 1991. Its constituent parts, Mees & Hope and Pierson, Heldring and Pierson, were left untouched until they too were merged in 1993; but the newly created subsidiary retained its own corporate culture and supervisory board, and was often seen as competing with its owner. Something had to change, whether through integration or sale. Yet the press release that finally announced its future was a piece of supreme understatement. |
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