Jaap Witteveen to join KAS BANK’s Managing Board

The Supervisory Board of KAS BANK N.V. intends to appoint Mr. J. (Jaap) Witteveen MSc (1967) as member of the Managing Board and Chief Operating Officer (COO) of KAS BANK for a period of four years, with effect from September 1st, 2014. Mr. Witteveen is currently COO, CFO and CRO at Theodoor Gilissen Bankiers N.V.

Jaap Witteveen has been working in the banking sector for more than 16 years. In his current role as a member of the board and COO, CFO and CRO of Theodoor Gilissen Bankiers he is responsible for Operations and IT, Finance and Risk. From 1997, he worked in various positions at ABN AMRO where his focus primarily has been on IT and Operations. In 2008 and 2009 he served as director and COO at ABN AMRO Insurance, where he was responsible for the operational and technical management. From 2009 to 2012 he was Managing Director and COO of the so-called Functions at ABN AMRO Bank and a member of the Transition Management Committee. He has extensive experience with large IT projects and change management in the field of Operations.

Albert Röell, Chairman of the Managing Board: "We are very pleased with the proposed appointment of Jaap Witteveen. Given his vast experience in the field of Operations and IT his arrival means a welcome strengthening of the operational-technical function within the bank. KAS BANK is rapidly changing, technological development continues unabated and regulations are becoming increasingly complex. Increasingly, our clients entrust the bank with the management of (part of) their operational processes. This underlines the importance of a strong IT function, efficient and impeccable operations and a good mutual balance, which requires management attention at the highest level. Operational excellence is key for a specialist player like KAS BANK."

The proposed appointment is subject to the approval of the Dutch supervisory authorities. The Works Council (‘Ondernemingsraad’) of KAS BANK has advised positively. Notice to shareholders will be held at an Extraordinary General Meeting of Shareholders of KAS BANK on August 21, 2014.

Mr. Witteveen has the Dutch nationality and holds no KAS BANK shares.

For more information:
M.G.F.M.V. Janssen
Secretary to the Managing Board
michiel.janssen@kasbank.com
T: +31 20 557 52 30

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