Dutch investment bank ABN Amro is partnering with private equity firm Motive Partners to boost innovation in the fintech sector. Motive Ventures will take over management of ABN Amro Ventures (AAV), including its 15 early-stage companies and €150 million in assets. Key ABN Amro executives will join Motive Ventures, and ABN Amro will also become a significant investor in Motive’s investment vehicles.
Facts
- ABN Amro partners with private equity firm Motive Partners to support fintech innovation.
- Motive Ventures will manage ABN Amro Ventures (AAV) with its 15 early-stage companies and €150 million in assets.
- ABN Amro executives Hugo Bongers and Tim Wanders will join Motive Ventures as partner and principal.
- ABN Amro plans to become a significant investor in Motive’s investment vehicles to enhance competitiveness.
- The partnership aligns with ABN Amro’s strategic ambition to be a digital-age personal bank for customers.
