Departure of ABN Amro chairwoman being investigated

The European Central Bank (ECB) is investigating the way the board of Dutch bank ABN Amro operates after an internal row led to the chairwoman leaving her post, the Dutch finance minister said on Friday.

Reuters reports that ABN Amro said on Tuesday an internal discussion about the “leadership style” of Chairwoman Olga Zoutendijk prompted her to say she would not seek reappointment in July. The bank said she would be a regular supervisory board member until then.

Finance Minister Wopke Hoekstra told reporters the ECB had started an investigation, commenting after the Dutch newspaper Het Financieele Dagblad reported the probe earlier on Friday.

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ECB investigates ABN Amro board after chairwoman leaves post

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