Gerrit Zalm starting job of his life

Gerrit Zalm, the complex job of his life itself. According to Professor Arnoud Boot, it is even "the most difficult management task ever in the Netherlands." He needs two banks that are just brutally from their parent group are cut out to forge a viable bank. And that in an environment of the superlative degree is turbulent. Gerrit Zalm, new CEO of Fortis and ABN (ANP) The major bumps: ABN Amro and Fortis to forge a whole and eight thousand jobs deleted. The integration of Fortis and ABN has until now strained. The banks have a completely different culture. Fortis employees have been slow and bureaucratic in the eyes of ABN Amro. Fortis employees find the ABN Amro employees just arrogant. Wouter Bos acknowledged that the integration has so far not been flawless expired. This was the reason for him to choose a driver that stands above the parties. Salmon is he such a driver. Customers find and bind How many customers after the nationalization walked away with Fortis and ABN Amro is not known, but from statements of directors chairman Bert Heemskerk of the Rabobank suggest that the exodus has not stopped. Large banking companies preferably in a bank with an international network. That had ABN Amro and Fortis earlier, but now no more. Fortis, ABN Amro is actually a kind of Friesland Bank. Forest yesterday was clearly implying that the building of an international network is crucial for the survival of the new bank combination. Salmon need that network from scratch to build. Acquisitions and investments are inevitable. He needs money Fortis Bank Nederland was formerly financed by the Fortis headquarters in Brussels. When Fortis Netherlands in a few days from the parent group was weaned, sat suddenly without money. Forest had to jump through that hole in a bridging loan of 34 billion euro grant. It is intended that Fortis will find themselves financiers, but that the company has little experience with them. Investors are still not to jump to their money to Fortis to trust. That is, for example, to see the floating rate mortgages at Fortis now expects. That is by far the highest of all providers. Fortis will pay itself a substantial interest. The bank must ultimately be sold at a profit Bos has promised taxpayers that the investment banks in the money ultimately benefits. Only this way can he defend why he called the banks, but just not the industry supports. It is still a major challenge to the value of Fortis over ABN invested 16.8 billion euros to lift. Since the nationalization, the rates of the banks have only fallen. It is not strange to assume that the investment of Forest just as hard in value has fallen. Moreover Forest left open the possibility that he still more billions in the bank to invest. Because of the hard work ahead Salmon, Forest has decided Fortis-ABN Amro only at the earliest in 2011 to sell. That he has the key question (this investment is really a profit?) For themselves far from shelved. In any case until after the next election.