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ABN AMRO: New Country Executive for ABN AMRO in Sweden.


STOCKHOLM, Sweden -- ABN AMRO ABN AMRO Algemene Bank Nederland-Amsterdam Roterdam Bank (Dutch bank)  announces today that it has named Joacim Nassen as Country Executive for Sweden as per August 1, 2006. The announcement accompanies the formal rebranding of Alfred Berg Alfred Berg is a Nordic investment bank and today a wholly owned subsidiary of the Dutch banking group ABN AMRO. The base company was founded in 1863, the same year that the Stockholm stock exchange opened its doors, but was renamed Alfred Berg in 1901 when acquired by Mr.  on June 16 and will be an opportunity to further capitalise on the bank's presence in Sweden.

Joacim Nassen is currently Head of Global Clients and Commercial segment in Sweden. He joined the Bank in 1989 in the Structured Finance Unit and has had previous posts as a relationship banker in the Telecom sector team and from April 2003 was head of the client coverage function in Sweden. He worked for Siemens for three years.

David Woods David Wood may refer to:
  • David Wood (actor)
  • David Wood (basketball)
  • David Wood (environmental campaigner)
  • David Wood (philosopher)
  • David Wood (lead singer)
  • David Wood - Falklands War veteran
  • David Wood (journalist)
, the current Country Executive and Managing Director for Alfred Berg SE said: "Joacim brings a wealth of experience to his new position and we are confident he will help us to grow our business in Sweden in line with our ambitious plans for the country and the region."

Mr. Woods will work together with Mr. Nassen to ensure a smooth transition, before stepping down, and taking on a new role within ABN AMRO at the end of the year. During the transition period, Mr. Woods will oversee the finalisation of the integration of Alfred Berg SE and the ABN AMRO bank branch in Sweden. This will be completed at the end of the year.

As announced previously, Alfred Berg SE will be rebranded on June 16 to ABN AMRO Securities (Nordics) SE. Alfred Berg Asset Management will also be rebranded and will be named ABN AMRO Asset Management. The rebranding coincides with the arrival of TEAM ABN AMRO in Gothenburg for the finish of the Volvo Ocean Race Volvo Ocean Race (formerly the Whitbread Round the World Race) is a yacht race around the world, held every four years. It's named after its sponsor, Volvo. Though the route is changed to accommodate various ports of call, the race typically departs England in September. .

Notes to Editors:

Netherlands-based ABN AMRO is a leading international bank with total assets of EUR EUR

In currencies, this is the abbreviation for the Euro.

Notes:
The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion.
 975.1 bln (as at 31 March 2006). It has over 3,500 branches in more than 60 countries and territories, and has a staff of about 105,000 full-time equivalents Full-time equivalent (FTE) is a way to measure a worker's involvement in a project, or a student's enrollment at an educational institution. An FTE of 1.0 means that the person is equivalent to a full-time worker, while an FTE of 0.5 signals that the worker is only half-time.  worldwide. ABN AMRO is listed on Euronext and the New York Stock Exchange New York Stock Exchange (NYSE)

World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City.
.

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Publication:Business Wire
Date:Jun 14, 2006
Words:348
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