ABN AMRO Chicago Corporation history

Intent on creating an East Coast financial center to complement its Midwest operations, the bank bought out AMRO's European American Bank partners in July 1991.

In 1992, ABN AMRO had acquired Hoare Govett, a U.K.-based international corporate investment bank.

In 1993, it merged its two independent Dutch--AMRO-owned Pierson, Heldring & Pierson and ABN-owned Mees & Hope--into a new bank called MeesPierson.

1994: Peter Jan Kalff becomes chief executive.

In 1995 it announced plans to buy the Nordic investment bank Alfred Berg from Sweden's Volvo group, and also The Chicago Corp, a New York-based securities operation.

In the United States, ABN AMRO made headlines when in late 1996 it agreed to pay US$1.9 billion for Standard Federal Bancorporation of Michigan, a large, profitable mortgage lender with US$15.5 billion in assets and over 180 branches in Michigan, Ohio, and Indiana.

In 1998 the bank looked at creating a second European home market in France by bidding on the French government's sale of Credit Industriel & Commerical.

ABN AMRO finally established a small foothold in a Western European financial center in 1999, taking a 10 percent minority position in Italy's Banca di Roma.

Heading up the restructuring was new ABN AMRO chairman and chief executive Rijkaman Groenink, a management board member who replaced the retiring Kalff in May 2000.

Groenink painted a fuller picture of the changes coming later in the year when he reported a 21 percent decline in the bank's second-quarter profit for 2001.

Hoare, Michael, "Analysts Call for More Cuts at ABN," eFinancial News, posted April 2, 2002, http://www.efinancialnews.com.

In 2003 Fortis Bank Global Clearing NV was founded as a separate legal entity with a full banking license.

The relationship between ABN AMRO Bank and Backbase goes back to 2004, when the two parties first agreed to work together.

In 2008, the Dutch State acquired the Dutch activities of ABN AMRO Holding N.V. and Fortis Bank Netherlands.

The ABN AMRO Clearing office in Tokyo cleared its first transaction in 2009.

In 2010, ABN AMRO and Fortis Bank Netherlands merged, resulting in the present ABN AMRO. ABN AMRO Belgium, together with its branches and subsidiaries, is a 100% subsidiary of ABN AMRO Bank.

From 2011, ABN AMRO has used the Backbase Customer Experience Platform to enhance the user experience of its online banking portals for retail banking clients (ca.

In January 2015 the first futures trades were cleared by our Brazil operations.