ABN AMRO is simplifying its organisational setup and intends to appoint new Executive Board members. Three client units organised around segments will replace the current four business lines. Choy van der Hooft-Cheong (1971) and Dan Dorner (1976) will be appointed as new members of the Executive Board, both as Chief Commercial Officers (CCO). Choy van der Hooft-Cheong will head the new Wealth Management client unit. Dan Dorner will head the new Corporate Banking client unit. An executive search process has been started to fill the vacancy of CCO for the third new client unit Personal & Business Banking. With these appointments and changes to the organisational and commercial setup, ABN AMRO is entering the next phase of building a personal bank in the digital age. The appointments are subject to regulatory approval. Choy van der Hooft-Cheong has a long track record within ABN AMRO as a respected and effective senior executive in the fields of corporate banking and private banking. She has shown herself to be a highly collaborative relationship builder with a clear focus on strategy execution. Dan Dorner likewise has a long and successful track record in leadership positions within ABN AMRO. He combines a strong execution-driven mindset with international experience and an outstanding reputation among the bank’s clients, employees and regulators. As part of the new simplified organisational setup, the existing Executive Committee (ExCo) will cease to exist in favour of an extended composition of the Executive Board (ExBO), simplifying the top management structure of the bank. The new Executive Board will consist of: Robert Swaak (Chief Executive Officer), Choy van der Hooft-Cheong (Chief Commercial Officer Wealth Management), Dan Dorner (Chief Commercial Officer Corporate Banking), Vacancy (Chief Commercial Officer Personal & Business Banking), Lars Kramer (Chief Financial Officer), Christian Bornfeld (Chief Innovation & Technology Officer), Tanja Cuppen (Chief Risk Officer) and Gerard Penning (Chief Human Resources Officer). The current CEOs of Private Banking and Retail Banking, Pieter van Mierlo and Frans van der Horst, will leave the ExCo concurrent with the end of their terms. The current CEO of Corporate & Institutional Banking, Rutger van Nouhuijs, has announced that he will pursue his career outside ABN AMRO and will hand over his responsibilities on an interim basis to Dan Dorner, the intended CCO of Corporate Banking, to ensure a smooth transition.