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Banking: Rabobank launches outsourcing service Back  
Rabobank Ireland plc, Ireland’s fifth largest bank, has launched a financial services outsourcing service. The service will be offered both within the Rabobank Group, and to third parties, in areas such as securitisation, structured finance and corporate treasury, and Rabobank will be looking for high value rather than high-volume business.
Rabobank Ireland has a tradition of being involved in outsourcing as it ran several agency treasury companies during the IFSC regime for its Dutch clients.

Peter Nolan, formerly of FTI, will head the new financial services outsourcing service department.

Rabobank established its Irish operation in the summer of 1994, and as of year-end 2003, Rabobank Ireland plc (RI plc) had a balance sheet of over €20 billion, commercial net revenue (i.e. excluding all return on capital) of around €25 million, 90 staff, and mature businesses in structured finance, corporate banking and treasury/capital markets.

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