BRUSSELS, Belgium, March 24, 2005 (PRIMEZONE) -- Management Team Retail Banking complete. Fortis has appointed Marc Luet as Chief Executive Officer for its Consumer Credit business as of mid-April. He will report to Jos Clijsters, CEO Retail Banking and a member of the Fortis Executive Committee. His objective will be to develop Fortis's international presence in the consumer credit market. Marc Luet's responsibilities will include the Fortis subsidiaries Alpha Credit (Belgium, the Netherlands, Switzerland), DEFAM as well as International Card Services (ICS) in the Netherlands.
"We specify in our strategy that Fortis is making consumer credits a priority with a view to boosting future growth. The consumer credit market is still an attractive one, with high margins, in which Fortis wants to increase its international market share. We are very pleased that Marc Luet, who has a well-balanced international profile and an outstanding track record, will be joining our team," Jos Clijsters commented.
Marc Luet (41), a French national, joins Fortis after an 11-year career with Citigroup in Canada, Central Europe and Belgium. From 1999 until the end of 2002, he held the position of Chairman and CEO of Citibank Belgium. He was appointed Chairman of Egg in France in January 2003.
With the appointment of Marc Luet, the management team of Retail Banking is now complete:
CEO Retail Banking
Jos Clijsters
Retail Banking Belgium
Peter Vandekerckhove
Retail Banking Netherlands
Edwin Prevoo
Retail Banking Luxembourg and Rest of
the World
Thierry Schuman
Consumer Credits
Marc Luet
Performance Manager
Patrick Goffart
Business Operating Officer (HRM)
Eric Benoit
Business Operating Officer (Operations, IT,
Facility & Purchasing)
Frans van der Horst
Fortis is an integrated financial services provider active in the fields of banking and insurance. With a market capitalization of EUR 27,7 billion (28/02/2005) and around 52,000 employees, Fortis ranks in the top 20 of European financial institutions. In its home market, the Benelux countries, Fortis occupies a leading position which it aims to develop and bolster. Fortis is drawing on the expertise it has acquired in its home market to realize its European ambitions via growth platforms. Fortis also operates successfully worldwide in selected activities. In specific countries in Europe and Asia it effectively exploits its know-how and experience in bancassurance. Fortis is listed on the exchanges of Amsterdam, Brussels and Luxembourg and has a sponsored ADR programme in the United States. More information is available on www.fortis.com
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