ABN AMRO announces a number of reallocations in top management tasks. Among the changes is the establishment of new division af of January 1, 2004: Group Shared Services:
Group Shared Services will be established to create cost savings through consolidation and standardisation. Furthermore, GSS will focus on further exploiting new market solutions for support services with the aim to achieve better products and services for our clients at lower costs.
After having co-led the successful restructuring of Wholesale Clients, which is now largely complete, Hugh Scott-Barrett will be appointed Chief Operating Officer (COO) in the Managing Board, responsible for GSS.