ABN Amro, the Dutch bank, has turned to a former Netherlands country chair of accounting firm PwC to fill the shoes of its departing chief executive. The move comes as it tackles a money-laundering investigation by Dutch prosecutors and grapples with cutting costs in an environment of low interest rates.

Robert Swaak, currently a global relationship partner at PwC, will take over from Kees van Dijkhuizen at the bank’s general meeting in April, according to a statement on 9 January. ABN Amro added that Swaak will give “high priority” to the bank’s efforts to combat financial crime.