RBS rolling back the outsourced IT at ABN AMRO

The Dutch financial newspaper "Het Financieele Dagblad) reports that the Royal Bank of Scotland (RBS) is ending the outsourcing deal that ABN AMRO has started a few years ago.

Royal Bank of Scotland, one of the buyers of the Dutch ABN AMRO Bank, will take the ICT staff back onto their own pay-roll. The main reason for this decision is that in the culture of RBS, ICT is seen as being too critical to outsource.

Fortis, one of the other buyers of ABN AMRO, is also concidering rolling back the outsourcing agreements, although they have not yet taken a formal decision.

The original news story (in Dutch) can be found on: http://www.fd.nl/csFdArtikelen/WEB-HFD/y2008/m07/d22/NIE-RBS?t=RBS_staakt_uitbesteding_IT_bij_ABN