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ABN Amro takeover battle

ABN Amro finance chief resigns

By Ian Bickerton in Amsterdam

Published: May 10 2007 08:21 | Last updated: May 10 2007 11:21

ABN Amro’s chief financial officer Hugh Scott-Barrett announced his resignation on Thursday in the midst of the titanic takeover battle for the Dutch lender.

Mr Scott-Barrett’s decision to leave the bank on August 1 was taken despite there being no certainty as to the fate of ABN. It has agreed a merger with Barclays, of the UK, but is being pursued by a rival trio of European banks led by Royal Bank of Scotland.

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