Page 420 - The Case Lab Book

that Asia-Pacific was also where he wanted to be. Furthermore, accepted wisdom sees
Sir Fred’s mode of operation as ‘never allowing the bank to overpay’. The on-message
line at his HQ at Gogarburn was that RBS is a leader in terms of extracting value from
acquisitions and that the ABN deal should be viewed over the economic cycle, not in the
short-term context of recent difficulties.

The End Point

th
It was announced on Wednesday 11 October that Mark Fisher from RBS would
replace Rijkman Groenink, who would step down on November 1. Groenink
subsequently sold his shares and options in ABN to the consortium for £13.8 million.

Banco Santander: 3 Quarter results 25/10/07 Press Release
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