Too Big Yet Failed

The Perfect Prey, The Fall of ABN AMRO, or What Went Wrong in the Banking Industry, by Jeroen Smit. I came across this book, written by a Dutch investigative journalist, by chance. After the recent tragic murder-suicide by former CEO Schmittmann was reported in the NY Post, I did some research as an ABN AMRO alum, and one of its former Managing Directors. I found the paperback and it read like a novel. Here is my Amazon review:

‘A stilted translation to English may be some of the reason for my 3 stars. But, the story was well told and compelling- the demise of a once prestigious global financial institution, ABN, which prided itself on being a member of each community it served in over 70 countries, rivaling only Citibank. When the corrupt AMRO merged with ABN, began le deluge. I became unwittingly embroiled in an unethical transaction with the saga’s central character, AMRO’s R. Groenink. A lot of the players are known to me from my tenure at the Bank in San Francisco and Boston in the 80’s and 90’s. Lex Kloosterman was my boss. After I retired, he went on to Fortis and was instrumental in the tale and ultimate sale. There is probably not a wide audience for this book. I would recommend it as an allegory- too big yet failed. A moral tragedy.’

Advertisements

One thought on “Too Big Yet Failed

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s