Adding to the management team of its newly created Working Capital business, ABN AMRO today announced that it had hired New York based banker Ann Cairns to the newly created position of Head of Working Capital Business Management.
Ms Cairns joins ABN AMRO from Citibank, where she was the Chief Operating Officer for Citigroup’s e-Business, part of the Transaction Services Group, who serve clients in over 100 countries and generate revenues of over $3.5 billion per annum. Prior to this Ms Cairns was Head of Offshore Engineering Planning for British Gas Plc.
Senior Executive-Vice President and Head of Working Capital for ABN AMRO, Robert van Paridon, said that ABN AMRO is aiming to be the bank of choice for how its clients, both Corporate and Financial Institutions, move and manage their short term funds globally.
“Ann is regarded as one of the world’s most prominent business leaders in the field of transaction services, and we are extremely pleased to have her join the bank and confident that she will help to deliver on this goal.
“We are committed to building on our strong market positions and to do this we need to ensure that we are constantly delivering to our clients systems and services that are state of the art,” Mr van Paridon said.
Working Capital business is developing an integrated approach to short term capital management that uses innovative technology to reduce costs for clients, and allows them to manage their flows and transaction costs more effectively. By better managing their exposures clients can optimise their commercial and treasury activities.
Working Capital offers clients a range of powerful global network banking services in the areas of liquidity management, global payables and receivables and trade finance services.
Ms Cairns will commence with ABN AMRO on 1 October.