July 09, 2007 09:39 ET

Daniel Thielemans appointed as CEO of Fortis Bank UK

BRUSSELS, BELGIUM--(Marketwire - July 9, 2007) - Fortis is delighted to announce Daniel Thielemans as the new CEO of Fortis Bank UK, replacing Angus MacLennan, who was recently appointed Global CEO of Corporate, Institutional and Public Banking.

Daniel will be responsible for developing the UK Banking business of Fortis, with particular emphasis on its continued growth and integration. He will report to Filip Dierckx, CEO of Merchant and Private Banking and to Herman Verwilst, Deputy CEO and COO of Fortis, both of whom are member of Fortis' Executive Committee.

Daniel has worked with Fortis and its predecessors for over 30 years. Most recently, Daniel was Managing Director of Fortis Corporate Banking Belgium. Prior to this Daniel held a number of senior management positions across Fortis's international offices, including CEO of the New York branch, CEO of the UK branch, Group Treasurer in Belgium and Head of Treasury in Tokyo.

Daniel Thielemans, newly appointed CEO of Fortis Bank UK said:

"This is an exciting time for Fortis and its continued growth and development in the UK. I'm looking forward to taking up this new challenge."

In the UK Fortis Bank, as part of an established network of 126 Business Centres and 1800 Branches across Europe, provides specialist finance solutions to large corporate, institutional and mid-sized companies such as: trade finance, treasury services, diverse asset finance, global cash and liquidity management, acquisition and mezzanine finance, syndications and structured finance.

The bank offers expert services in commodity trade and shipping finance, renewable energy finance derivatives and derivatives clearing and securities lending. Fortis Bank Global Clearing NV is an important independent clearer of futures, options and related equities on most major Exchanges.

Fortis Bank SA/NV is authorised by the Banking, Finance and Insurance Commission in Belgium and the Financial Services Authority, regulated by the Financial Services Authority for the conduct of investment business in the UK. The Fortis Bank UK head office is based in the City of London and the bank's expanding UK network includes offices in Birmingham, Bristol, Chelmsford, Gatwick, Leeds, Luton, Manchester, Nottingham, Reading and Southampton.

Fortis Insurance Limited in the UK provides a full range of personal and small package commercial insurance products and is rated Api by Standard and Poor's. The insurer has a proven and award-winning track record for providing outstanding customer service and claims handling and is totally committed to the intermediated market. Fortis Insurance employs over 1,000 people with offices in both Eastleigh and Gloucester and has been awarded the Investors in People standard. Fortis Insurance Limited is authorised and regulated by the Financial Services Authority (FSA number: 202039).

Fortis is an international financial services provider engaged in banking and insurance. Fortis offers personal, business and institutional customers a comprehensive package of products and services through its own channels, in collaboration with intermediaries and through other distribution partners. With a market capitalisation of EUR 41.1 billion (29/06/2007), Fortis ranks among the twenty largest financial institutions in Europe. Its sound solvency position, its presence in 50 countries and its dedicated, professional workforce of 60,000 enable Fortis to combine global strength with local flexibility and provide its clients with optimum support. More information is available on

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