Open main menu
Home
Random
Recent changes
Special pages
Community portal
Preferences
About Wikipedia
Disclaimers
Incubator escapee wiki
Search
User menu
Talk
Dark mode
Contributions
Create account
Log in
Editing
ABN AMRO
(section)
Warning:
You are not logged in. Your IP address will be publicly visible if you make any edits. If you
log in
or
create an account
, your edits will be attributed to your username, along with other benefits.
Anti-spam check. Do
not
fill this in!
===ABN and AMRO merger=== [[File:Roelof Nelissen (1985).jpg|thumb|Politician [[Roelof Nelissen]] (1931-2019) was instrumental in the merger of ABN and AMRO Bank in 1991]] [[File:Aurora Place.jpg|thumb|[[Aurora Place]] in [[Sydney]] displaying the ABN AMRO brand, 2006]] [[Image:ABNAMRO Dubai.jpg|thumb|ABN AMRO branch in [[Dubai]], 2008]] On 22 September 1991, ABN and AMRO merged to form ABN AMRO. In 1993, two of its investment banking subsidiaries β Bank Mees & Hope and Pierson, Heldring & Pierson β merged in turn to form [[MeesPierson]]. The two merged banks brought to ABN AMRO a large network of overseas companies and branches. From NHM, ABN owned a significant branch network in [[Asia]] and the [[Middle East]], including the [[Saudi Hollandi Bank]] owned by the NHM [[Jeddah]] branch. Another, the [[Hollandsche Bank-Unie]] (HBU), which grew from the merger of the ''Hollandsche Bank voor de Middellandsche Zee'' (HBMZ) and the ''Hollandsche Zuid-Amerika Bank'' in 1933, gave ABN AMRO an extensive network of branches in South and Central America. In 1979, ABN had expanded into North America with the acquisition of [[Chicago]]-based [[LaSalle National Bank]]. After the 1991 merger, ABN AMRO continued to grow through a number of further acquisitions, including the 1996-purchase of suburban [[Detroit]] based [[Standard Federal Bank]] followed five-years later by the acquisition of its Detroit-based competitor [[Michigan National Bank]] which was rebranded as Standard Federal. In 2005, Standard Federal became ''LaSalle Bank Midwest'' to unite ABN AMRO's two banking networks in the U.S. In 1995, ABN AMRO purchased The Chicago Corporation, an American securities and commodities trading and clearing corporation.<ref name="chicagocorp">{{cite news| url=https://www.nytimes.com/1995/09/27/business/abn-amro-is-seen-making-acquisition.html| work=[[The New York Times]]| title=ABN-Amro Is Seen Making Acquisition| date=27 September 1995| access-date=2013-02-19| archive-date=2013-06-01| archive-url=https://web.archive.org/web/20130601225305/http://www.nytimes.com/1995/09/27/business/abn-amro-is-seen-making-acquisition.html| url-status=live}}</ref> Other major acquisitions included the Brazilian bank [[Banco Real]] in 1998, and the Italian bank [[Antonveneta]] in 2006. It was also involved in the controversial acquisition of the Dutch local government mortgage and building development organisation, the [[Bouwfonds]] in 2000.<ref name="bouwfonds">{{cite news| title=Dirty tricks during Bouwfonds privatisation| url=http://www.dutchnews.nl/news/archives/2010/03/dirty_tricks_during_bouwfonds.php| publisher=DutchNews.nl| date=31 March 2010| access-date=2013-02-19| archive-date=2010-04-04| archive-url=https://web.archive.org/web/20100404150506/http://www.dutchnews.nl/news/archives/2010/03/dirty_tricks_during_bouwfonds.php| url-status=live}}</ref> ABN AMRO sold the Bouwfonds as a going concern in 2006. In July 2006, Favonius Ventures, which was founded and headed by [[Roel Pieper]], received all of the technology investments of ABN AMRO Capital which is the private equity business unit of ABN AMRO Bank N.V.<ref>{{cite web |url=http://www.favonius.net/ |title=About Favonius |work=favonius.net |date=December 2007 |access-date=21 October 2021 |archive-date=11 December 2007 |archive-url=https://web.archive.org/web/20071211062805/http://www.favonius.net/}}</ref>
Edit summary
(Briefly describe your changes)
By publishing changes, you agree to the
Terms of Use
, and you irrevocably agree to release your contribution under the
CC BY-SA 4.0 License
and the
GFDL
. You agree that a hyperlink or URL is sufficient attribution under the Creative Commons license.
Cancel
Editing help
(opens in new window)