International The International Directorate reshaped Senior appointments In May: Bank SeOUl Bank Birmingham BAank Pittsburgh Staff journal of the ABN Bank, Amsterdam, Holland, and affiliations July 1979, No. 2 Three new branches opened officially ABN Banknotes On the 1st of June a new organization within the Inter national Directorate became effective. The chart on page 2 shows how it works, and who are in charge of the various departments and groups. An old name disappeared... For many years the International Directorate, and the organization which preceded it, were known by the commonly used name of "CBK". Often used as an equivalent to "Amsterdam", those few initials were on the tip of the tongue of almost every employee in our fo reign offices when speaking about head-office. The name has been abolished, not because it wasn't good enough, but because the name did no longer cover exactly the activities of the relative depart ment. What does the International Directorate do? So from now on we speak of the "International Directorate" only. And for those who are possibly not too familiar with faraway - Amsterdam, we briefly explain the task of this directorate: it has the general management responsibility for the whole of our foreign net work, within directives as laid down by our Managing Board. This little phrase means of course quite a lot, and you will understand that for the proper execution of its tasks the International Directorate certainly relies on many experts within our bank outside its own organization. Those are to be found in other we call them "functio nal" directorates, like Personnel, Liquidities, Administration, Secu rities, Commercial Development, and some staff departments. But it is logical that the International Di rectorate also needs its own, pro perly working organization. With the growth of our foreign network this organization necessarily re quires adjustments from time to time. What happens now? In the first place old "CBK" disappeared and was replaced by the Risk Management Department. Why this change? Well, the Inter national Directorate is responsible for the control of all commercial risks as they are being taken by our foreign branches and affiliates. Not only for the risks related to lending. The HBU building Herengracht, Amsterdam, in which the Inter national Directorate is also housed. Therefore, the Risk Management Department is not only dealing withloans(proposals, revisions,etc.), but also with risks related to liqui dity positions, foreign exchange, investments in securities and with country-risks (or transfer-risks). such of course in co-operation with the afore-mentioned "functional" directorates and staff departments. You will understand that those new tasks cannot be effectively ex ecuted from the very first day, but will take shape over a somewhat longer period. Further growth of our foreign network is another important goal of the International Directorate. The General Affairs Department has been constituted to help achieve that aim. After all, there should be enough people in the International Directorate working on the questions that arise when further expansion goes on or on the problems that come up now that competition in international bank ing becomes stiffer. The staff in this department will therefore be in creased, possibly even by tempo rarily assigning Dutch expatriates from our foreign network. Another main job of this department is the screening of, and coordination for, building proposals from our foreign offices, and it monitors the relative investment budgets. Besides, it deals with some other general mat ters, like publicity, insurance, etc. These are the two line-depart ments, as we call them. Besides, four staff groups were formed: Se cretariat, Planning Analysis, Risk Control and Internal Regulations. The Secretariat's chief acts as secretary for the official meetings of the International Directorate and deals with legal aspects of our foreign affiliates. He also supervises the secretarial staff and telex- and mail-room. The Planning Analysis group has existed for some time already, and its task comprises stu dies and analysis of all kinds of internal and external developments so as to assist in formulating the International Directorate's medium- term policies. The Risk Control Group is entire ly new. The members of this group will periodically visit our foreign Continued on page 2, Col. 1) It is known that per 1st January, 1980. Mr. W.J. van der Mei, Senior Manager in the bank's foreign service and managing director of Albank Alsaudi Alhollandi will succeed Mr. H. Harms, who will retire at that time. In the International Directo rate Mr. Van der Mei will be res ponsible for the group of countries in the Middle East and Africa. At the appropriate time we will give extensive attention to this matter. Mr. A.E.J.M. Blank has been ap pointed as General Manager of the Directorate Liquidities with effect of 1st May, 1979. Mr. Blank came into the service of the Hollandsche Bank-Unie in Amster dam in 1975. In 1971 he moved to the Fo reign Treasury De partment of the ABN. His appointment as Chief Manager fol lowed on 1st Janua ry, 1977. Mr. H. Harms and Mr. W.J. van der Mei, photographed in Riyadh The ABN will mainly look for expansion outside The Netherlands. It has once more become evident that Europe and North America are especially thought of in this connection, although any possibilities in other parts of the world certainly don't lack attention. As if to confirm this expansion-policy, no less than three new offices were opened in the month of May in rapid succession, namely in Seoul, Birmingham and Pittsburgh. Mr. E.O. Langelaar, Chief General Manager of the International Directorate, was present at all three openings, covering almost the entire world in this effort. Birmingham was an intermediate step between the opening of the other two new offices, in which connection following notes were made. Birmingham suffered badly in World War II. Therefore, the old, original city centre to a great extent no longer exists. Between remaining historical buildings, offices and houses, many new buildings have risen up since the war. Apart from this the City Council seems to have taken the opportunity to provide adequate parkingspace in a city which has a population of over one million. Birmingham is the second city in Great Britain and has been growing steadily since the Industrial Revolu tion (1760-1830). In twelve to thirteen centuries it has developed from a small settlement to an indus trial centre of importance, not only Waterloo Street, Birmingham. to England but also to western Europe. It is the city where James Watt developed the steamengine and, together with Matthew Boul- ton, opened the Soho Works in 1762. Nowadays many big compa nies have established their Head Offices in Birmingham and sur rounding areas, like British Ley- land, Dunlop Holdings, Chrysler U.K., Boots Company, Lucas Indus tries, to mention only a few well- known ones. Birmingham is res ponsible for 25 of the total na tional exports! The city itself has 1.1 million inhabitants, while the number of inhabitants of the West Midlands, of which Birmingham functions as the regional centre, is nearly 10 million. Since the War many Irish and Asian immigrants have settled in Birmingham. A great deal of attraction is exer cised on the international business world by Europe's largest and most modern exhibition and congress centre, opened in 1976. The Natio nal Exhibition Centre covers 90,000 square meters. It is a town in itself, and includes a luxurious hotel, ideally situated, close to the airport and just outside the city. Birmingham may rightly look upon itself as an international busi- (Continued on page 4, Col. 1) Mr. Gemke shows the Lord Mayor round.

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Algemene Bank Nederland - Banknotes | 1979 | | pagina 1