Moving to Fortis
Fortis and ABN AMROThe ABN AMRO businesses that will join Fortis are Business Unit (BU) Netherlands (excluding former Dutch Wholesale Clients), BU Private Clients globally (excluding the Private Clients Units in India and Indonesia) and BU Asset Management globally.
The Netherlands
The combination of Fortis and ABN AMRO is expected to be a Top 3 company in the Netherlands, where it will remain headquartered, regulated and traded. It will be a key force in Dutch life, building a dynamic, growth-focused business from deep roots in the Netherlands that date back to the 18th century. It will combine growth and investment in customers and employees with a firm commitment to a socially responsible approach to business.
In Commercial and Private Banking, Fortis-ABN AMRO will lead the Dutch market. These are areas of potentially high growth where the scale and range of product offering are vital to increasing market share and where Fortis is building on its strong base. Combined with its Top 3 positions in Insurance and Retail Banking, this demonstrates the opportunities in combining Fortis' strengths in service quality, product development and distribution channels with ABN AMRO's market presence.
Fortis's retail branch network will be branded as ABN AMRO, meaning there will be significantly more ABN AMRO branches available to customers than at present. In BU Asset Management, the combined business will be a market leader in the Netherlands and a global top-tier asset manager with the scale to grow swiftly from its combination of a wider footprint, broad product range and enhanced offerings to third party distributors. Return to top Europe
ABN AMRO, Fortis, RBS and Santander are all key players in European financial services, collectively employing over 220,000 people. After integration, the European businesses of ABN AMRO will be combined with their best owners to provide the strongest possible platform for growth.
The ABN AMRO businesses that will join Fortis in Europe are the Business Units Private Clients and Asset Management. The combination of Fortis Investments with ABN AMRO's Asset Management business will create a top tier global Asset Manager. The businesses share a common strategy and combined have a complimentary range of products and access to high growth markets.
ABN AMRO's Private Clients business and Fortis' existing private banking operation will together offer a Top 3 European Private Bank with a global reach. In mature private banking markets, the combination will expand the geographical coverage towards Germany and increase the footprint of Fortis in France and Switzerland. In Belgium, it will strengthen the position of Fortis as a leading private bank. In growth markets, the combination will significantly strengthen their position in Spain, the UK, Poland and Turkey. Return to top Asia and America
Throughout Asia and America, ABN AMRO Business Units Private Clients and Asset Management will join Fortis, strengthening Fortis's position as a global player in both Private Banking and Asset Management. Exceptions are the Private Clients Units in India and Indonesia which will go to RBS and the ABN AMRO Private Client units in Latin America as well as a part of Asset Management in Brazil; these will join Santander. Return to top
