Marcel Zuidam appointed CEO of Nationale-Nederlanden Bank
NN Group has appointed Marcel Zuidam (48) as CEO of Nationale-Nederlanden Bank (NN Bank). He is currently the bank's Chief Transition Officer. On 15 March 2019, Zuidam will succeed Erik Muetstege (58), who will take up the role of Director of Customer & Commerce at Nationale-Nederlanden from the same date. Both are members of Nationale-Nederlanden CEO David Knibbe's management team.
Since NN Group's acquisition of Delta Lloyd in 2017, Marcel Zuidam has been a member of NN Bank's Management Board, as Chief Transition Officer. In this role, he led the integration of NN Bank and Delta Lloyd Bank. From 2015 until the acquisition, Zuidam was CEO of Delta Lloyd Bank. Prior to this, he was CEO of Quion Group and held various management roles at ABN AMRO.
Erik Muetstege will take up the role of Director of Customer & Commerce, responsible for customer strategy and digital marketing in the Netherlands. He will also be responsible for NN Business Partners and Zicht Adviseurs. Erik Muetstege has been CEO of NN Bank since it was established in 2011. Prior to this, he was CEO of NN Particulieren, and between 1991 and 2010, Muetstege held various positions at ING and Postbank.
David Knibbe, Nationale-Nederlanden CEO: 'I'm pleased that we've been able to appoint such very experienced candidates to these key positions at Nationale-Nederlanden. Erik and Marcel have made an important contribution to NN Bank in recent years. Erik was responsible for the development and the successful growth of NN Bank, while Marcel has led the integration of NN Bank and Delta Lloyd Bank, which is almost complete. With the appointment of Marcel as CEO, NN Bank will continue to build on its position. In the Customer & Commerce business unit, Erik will focus on the next phase of customer service and digitisation and the strategy for the Netherlands.'
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Nationale-Nederlanden Bank N.V. (NN Bank) offers retail banking services - savings, bank annuities, retail investments, mortgages and consumer loans - to approximately one million customers, primarily in the Netherlands. NN Bank operates under the brands NN, Nationale-Nederlanden, Delta Lloyd Bank and OHRA Bank. NN Bank is a subsidiary of NN Group, an international financial services company, active in 18 countries, with a strong presence in a number of European countries and Japan. NN Group is listed on Euronext Amsterdam (NN).
Important legal information
Elements of this press release contain or may contain information about NN Bank within the meaning of Article 7(1) to (4) of EU Regulation No 596/ 2014 (Market Abuse Regulation)'.
NN Bank's Consolidated Annual Accounts are prepared inaccordance with International Financial Reporting Standards as adopted by theEuropean Union ("IFRS-EU") and with Part 9 of Book 2 of the Dutch Civil Code.
Certain of thestatements contained herein are not historical facts, including, withoutlimitation, certain statements made of future expectations and otherforward-looking statements that are based on management's current views andassumptions and involve known and unknown risks and uncertainties that couldcause actual results, performance or events to differ materially from thoseexpressed or implied in such statements. Actual results, performance or eventsmay differ materially from those in such statements due to, without limitation:(1) changes in general economic conditions, in particular economic conditionsin NN Bank's core markets, (2) changes in performance of financial markets,including developing markets, (3) consequences of a potential (partial) break-upof the euro or European Union countries leaving the European Union , (4)changes in the availability of, and costs associated with, sources of liquidityas well as conditions in the credit and capital markets generally, (5) changesaffecting interest rate levels, (6) changes affecting currency exchange rates,(7) changes in investor and customer behaviour, (8) changes in generalcompetitive factors, (9) changes in laws and regulations and the interpretationand application thereof, (10) changes in the policies and actions ofgovernments and/or regulatory authorities, (11) conclusions with regard toaccounting assumptions and methodologies, (12) changes in ownership that couldaffect the future availability to NN Bank of net operating loss, net capital and built-in loss carry forwards,(13) changes in credit and financial strength ratings, (14) NN Bank's abilityto achieve its strategy, including projected operational synergies, 15) operational risks, such as systemdisruptions or failures, breaches of security, cyber-attacks, human error, orinadequate controls including in respect of third parties with which we dobusiness, (16) the inability to retain key personnel, (17)catastrophes and terrorist-related events, (18) adverse developments in legaland other proceedings and (19) the other risks and uncertainties contained inrecent public disclosures made by NN Bank.