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Fortis and ABN continue to do well

http://www.forbes.com/markets/feeds/afx/2008/02/25/afx4690215.html

BRUSSELS (Thomson Financial) - Richard Wohanka, chief executive of Fortis Investments says the merger with ABN Amro asset management as part of Fortis NV’s wider acquisition of parts of Dutch peer ABN Amro NV is a ‘remarkably civilised, friendly, constructive process’.

In an interview with the Financial Times, Wohanka said client reaction has been surprisingly good.

‘We haven’t lost any assets due to the merger — for the life of me I don’t know why, because with this type of transaction, you would expect attrition,’ he said.

Very cool, integrating business lines, the IT and at the same time managing people can be a complicated process, the news that ABN Amro and Fortis are managing this is good news for the business as a whole, and it’s investors, we’ll need to see what the next quarter brings for the group.

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