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6 months ago
ABN Amro executive Wijn to leave, join fintech newcomer Adyen
January 11, 2017 / 2:08 PM / 6 months ago

ABN Amro executive Wijn to leave, join fintech newcomer Adyen

2 Min Read

AMSTERDAM, Jan 11 (Reuters) - ABN Amro said on Wednesday one of its most prominent executives will leave the company to join payments processor Adyen, one of Europe's larger fintech newcomers.

Joop Wijn, a former Dutch economic affairs minister, headed ABN's corporate banking division.

ABN did not say whether Wijn's departure was linked to the appointment of Kees van Dijkhuizen as ABN's new CEO in January.

Wijn will become chief strategy and risk officer at Adyen, a rival to Worldpay, PayPal and Square, backed by top venture capital firms and wealthy tech investors including Facebook's Mark Zuckerberg.

Adyen handles payments for clients including Netflix , Dropbox, Facebook, Uber, Airbnb, and Priceline's Booking.com.

In a statement Wijn said he is leaving ABN's corporate banking division is "in good shape and well positioned for continued growth."

"After eight great years, I am now ready for a new challenge," he said.

Privately-held Adyen is expected to report earnings later this month amid speculation it may be quietly preparing an initial public offering.

Chief Executive Pieter van der Does says privately-held Adyen wants to become a full-service payments provider for retailers and online merchants globally before the company would consider a stock market listing, a process that could take several years.

In 2015, Adyen's revenue doubled to 330 million euros ($360 million) in 2015, while profits more than doubled to 40 million euros. (Reporting by Toby Sterling; Editing by Adrian Croft)

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