ABNAmro's IT department is set to be
involved in a massive reorganisation after the path was left clear
for a consortium to acquire and split the Dutch bank.
Barclays formally withdrew its offer for ABN Amro on Friday (5
October) after seven months in pursuit of the bank's
acquisition.
The consortium of banks led by
Royal Bank of Scotland (RBS) is close to winning the race to
secure the acquisition. Under the £49bn bid by RBS, Fortis and
Banco Santander, each company would take different parts of the
bank.
This could lead to major changes in IT strategy. RBS, which
wants the global wholesale and international retail businesses of
ABN Amro, has said it would not offshore any IT not already
outsourced, which contrasts with ABN Amro's existing strategy.