ABN Amro chairman to resign after takeover by RBS-led consortium

AMSTERDAM (AFP) — ABN Amro chairman Rijkman Groenink will step down, the Dutch bank announced Wednesday after a European consortium led by Royal Bank of Scotland declared victory in a takeover battle for the lender.

"Rijkman Groenink has decided that he will step down as chairman of the managing board of ABN AMRO on the day ABN AMRO holds an extraordinary general meeting of shareholders" at a date to be announced later, ABN Amro said in a statement.