Regulatory authorities have confirmed that they have no objection to the appointment of the new chief executive.

ABN AMRO’s Supervisory Board last Friday officially approved Robert Swaak’s appointment as chief executive and chairman. He succeeds Kees van Dijkhuizen, who will hand over his duties at the bank’s annual meeting on 22 April.

Swaak’s appointment had already been announced on 9 January 2020, subject to approval by the regulatory authorities. The bank said that those authorities have since informed ABN AMRO that they do not have any objection to Swaak’s appointment.

Prior to this role, Swaak was previously chairman of PwC Netherlands, before joining PwC’s network leadership team with responsibility for global clients and industries.