Luuc joined ABN AMRO Bank in 1994. During the first 10 years he worked in the Investment Banking Division (M&A advisory), before moving to the Dutch business as chairman of the management team Corporate Clients Rotterdam. Having grown this business substantially, Luuc was appointed CEO of ABN AMRO Commercial Finance. This subsidiary, with over 500 employees, specializes in SME financing in the Netherlands, France, Germany and the United Kingdom. As of April 2018, Luuc is CEO of October Nederland. Luuc has a great appetite for supporting (fast-growing) companies and a deep knowledge of the European and especially Dutch SME fabric. Luuc completed his Master Business Economics at the Erasmus University Rotterdam and the Advanced Management Program at Insead. He fulfils various non-executive positions with profit and not-for-profit organizations.
Ronald said people are excited for a European wide P2P regulatory framework to be implemented.
Anne said there is a fintech action plan without the action at the moment. Ways to improve this include scaling up models within Europe which will remove obstacles and introduce fintech solutions such as blockchain which remove and control cyber risk.
P2P regulation should be finalised by July 2020 following a successful trial period.
In five years’ time, Luuc believes there will be both European and local platforms available, increasing competition in the market by lowering barriers to entry. Only the niche players will remain.