Albert Maasland to take over as CEO of CAB and CAIM

16 February 2017  •  Source: Crown Agents Bank (CAB) and Crown Agents Investment Management (CAIM)

Albert Maasland to take over as CEO of CAB and CAIMCrown Agents Bank (CAB) and Crown Agents Investment Management (CAIM) are appointing Albert Maasland as incoming CEO of the Group, subject to normal regulatory approval, as current CEO, Richard Jones, prepares to step down.

After five years at the helm, Richard Jones is leaving CAB and CAIM to pursue new challenges. During in his time as CEO, Jones successfully oversaw the transfer of the business to new ownership and helped to establish strategic direction for the bank. He will work with the team supporting the transition to the new CEO, Albert Maasland until the end of the month.

As a current Non-Executive Director of CAB & CAIM, Maasland is well acquainted with both companies’ business, and has a proven track record in delivering on strategic goals for major banking institutions.

“Having Albert join the executive team is the next major step in the evolution of our businesses,” said Paul Batchelor, Chairman of the Boards of CAB & CAIM. “He has a long track record of performance success in banking, fintech and in the regions in which we operate. We are confident he will fulfil CAB’s goal of becoming the leading transactional bank for emerging markets.”

Maasland started his career in banking at Chase Manhattan Bank – later JP Morgan – and during his 11 year career there, was involved in transforming and building a range of highly successful and profitable business units, including launching the world’s first generation of cross-border electronic transaction banking services providing online account and payment services to European financial centres, developing transaction banking products and sales teams in global cash management, institutional and Global Custody areas before taking over as Head of FX sales.

Subsequently, Maasland took over as Global Head of Business Development at HSBC Markets, led the transformation of the FX business at Deutsche Bank – steering them from 24th to the number one FX provider worldwide.

Latterly, he helped establish the global e-commerce business at Standard Chartered before moving to Saxo Bank where he fulfilled numerous roles including CEO of Saxo Bank UK and then Chairman of Saxo Capital Markets UK. Maasland has a keen interest in the fintech sector, and as a result acts as a trusted advisor, or NED, to a number of fintech firms. He was CEO of Knight Capital Europe and subsequently KCG Europe and is on the Board of EASDAQ NV, which is the parent company of Equiduct, a pan-European Regulated Market, operated by Bourse Berlin.

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