16 May 2017Insurance

Delta Lloyd CFO departs to join ABN Amro

Dutch insurer Delta Lloyd has announced that its chief financial officer (CFO) Clifford Abrahams is leaving the company to join ABN Amro Group.

From September, Abrahams will assume the role of CFO and member of the executive board at ABN Amro.

Until then, Abrahams will continue in his current role and assist with the integration of Delta Lloyd into NN Group, according to the statement.

He has served Delta Lloyd as CFO and member of the executive board since January 2016.

Rob Ruijter, chairman of the Delta Lloyd supervisory board, said: "The supervisory board is grateful to Clifford for his contribution to Delta Lloyd including, in particular, his role in the recapitalisation of the company and his ongoing commitment. We wish him all the best for the future."

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22 March 2017   Dutch insurer Delta Lloyd expects to receive the regulatory approval for the company’s €2.5 billion takeover by its competitor NN Group in the second quarter of 2017 but warns on the risks of the deal.