There will be a change in the top management of Bethmann Bank: Horst Schmidt, 51, plans to leave the private bank in the summer after serving as its chairman for ten years. In addition, Mr Schmidt has decided to resign from ABN AMRO, where he held high-ranking positions for 13 years. ABN AMRO intends to announce who will succeed Horst Schmidt in the near future.
Change in the leadership of Bethmann Bank
Under Horst Schmidt’s leadership, Bethmann Bank has developed into the third-largest provider of advisory services for high-net-worth private clients (private banking) in Germany. During this time, the private bank more than tripled its transaction volumes through organic growth and successful acquisitions and currently has customer assets under management amounting to around EUR 38 billion. Despite the fact that the sector is currently facing a highly challenging environment, Bethmann Bank reported an inflow of funds at record levels amounting to EUR 1.7 billion in the past year. Parallel to the expansion, Mr Schmidt presided over the further development of the bank’s business model, for example through significant investments in digitalisation.
Horst Schmidt, Chairman of the Board of Bethmann Bank AG: “Following 13 incredibly interesting years at the ABN AMRO Group, ten of which were spent as chairman of Bethmann Bank, it is time for me to pursue new challenges. This is why I have decided to leave ABN AMRO. Furthermore, since ABN AMRO is embarking on a new phase of development, this is the right time to make this decision. I am thankful for working as part of such an excellent team, and for being able to contribute to develop Bethmann Bank into a strong partner for our customers.”
Jeroen Rijpkema, Chairman of the Supervisory Board of Bethmann Bank AG: “Horst Schmidt is held in high esteem both as leader and person within ABN AMRO. Under his leadership, Bethmann Bank evolved into one of the leading names for private banking in Germany. The Supervisory Board respects Horst Schmidt’s decision and sincerely thanks him for his enduring achievements for the bank and ABN AMRO. Although we truly regret his decision to leave Bethmann Bank and ABN AMRO, we do wish him all the best for his future professional and personal endeavours.”
About Bethmann Bank – Genuine. Private. Banking.
Established in 1712, Bethmann Bank is currently one of the top three providers of private banking in Germany. As the largest genuine private bank, we cater exclusively to wealthy private clients and asset managers. The total volume of assets under management amounts to around EUR 38 billion. Bethmann Bank is a subsidiary of ABN AMRO, one of the best-capitalised banks in Europe.
We stand for, just like all other members of ABN AMRO Private Banking, individual advisory services, without focusing on our own products. We offer customers clear, comprehensible and sustainable solutions. With 12 branches, Bethmann Bank is represented throughout all of Germany’s key economic regions. www.bethmannbank.de
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