THE HEDGE FUND that triggered the initial break-up approach for ABN Amro last night called for Rijkman Groenink, the Dutch bank's chief executive, to be sacked, reports The Times.
The Children’s Investment Fund (TCI) said that the senior supervisory board of the Dutch bank should take full control of the sale process. In a letter to Arthur Martinez, chairman of the supervisory board, TCI said Mr Groenink, who chairs the more junior management board, no longer had credibility. Christopher Hohn, chief investment officer of TCI, said the fund was concerned that Mr Groenink had “no intention to negotiate in good faith” with the Royal Bank of Scotland-led consortium, which is attempting to trump an agreed offer for ABN from Barclays. THE CAREER OF ONE of the titans of ...
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