ABN Amro appoints Westrik as head of natural resources department
Jeroen Westrik has joined ABN Amro as the global head of energy, commodities, and transportation (ECT) clients, natural resources. Westrik, who previously held the position of ABN Amro's head of sector origination, natural resources since 2014, brings a wealth of experience to the role.
Westrik began his career at ABN Amro in 2000, working in the structured finance team. He then spent eight years with the bank, including two years in Houston, where he headed up the structured financial solutions team for energy and resources. In 2008, Westrik left ABN Amro to spend six years at RBS, holding various positions in the energy and resources department.
Now, Westrik returns to ABN Amro to lead the strategic expansion of its natural resources team. His role is focused on leveraging his expertise to strengthen the bank's advisory and financing capabilities within the natural resources sector, which includes industries like mining, oil and gas, and renewable energy resources.
Under Westrik's leadership, the natural resources team will focus on global market leaders in metal and mineral reserve extraction. They will also expand their focus to chemical product manufacturing and the production of construction materials such as cement, asphalt, glass, and bricks.
Westrik's role is threefold. He is instrumental in leading the team’s efforts to build deep sector knowledge and enhance client relationships in the natural resources domain. He focuses on providing tailored financial advice to companies operating in natural resources, helping them navigate market challenges, investment opportunities, and sustainability transitions. Lastly, Westrik coordinates the recruitment and development of specialized professionals to scale up ABN AMRO’s natural resources advisory capacity.
Emphasising sustainable resource management and supporting clients’ transitions towards greener energy and extraction methods, the team will address the financial risks and regulatory challenges associated with natural resources projects. They will also deliver customized financing structures that align with the unique needs and growth ambitions of natural resources companies.
Maarten Terlouw, global head of ECT clients, expressed excitement about Westrik's appointment and confidence in his ability to contribute to the expansion of ABN Amro's business in natural resources. However, no new information about the specific expansion plans of ABN Amro's business in natural resources was provided.
In conclusion, Westrik's financial and commercial knowledge and skills are expected to be valuable in expanding ABN Amro's business in natural resources. His appointment is a significant step in ABN Amro's ambition to grow its footprint in the natural resources sector by combining expert advisory services with a focus on sustainability and innovation.
- Jeroen Westrik, with his extensive experience in structured finance for energy and resources, will leverage his expertise to strengthen ABN Amro's advisory and financing capabilities within the natural resources sector.
- To achieve strategic expansion, Westrik will coordinate the recruitment and development of specialized professionals to scale up ABN AMRO’s natural resources advisory capacity, with a focus on global market leaders in metal and mineral reserve extraction, chemical product manufacturing, and construction materials production.
- Westrik's role will also involve providing tailored financial advice to companies operating in natural resources, addressing financial risks and regulatory challenges associated with natural resources projects, and delivering customized financing structures that align with the unique needs and growth ambitions of natural resources companies, with an emphasis on sustainable resource management and greener energy and extraction methods.
