He chaired RBS during the tenure of CEO Fred Goodwin, who promoted aggressive expansion of the bank by acquiring other banks.
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ABN chief executive Rijkman Groenink suspected RBS of acting in concert with the hedge fund Tosca, which was chaired by former RBS Chairman Mathewson and recommended the takeover bid of an RBS consortium, against the proposed merger with Barclays Bank.
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However, in early 2007, the Dutch bank ABN AMRO was under pressure from hedge funds, including Chris Hohn of the hedge fund TCI, to break itself up in order to maximise shareholder value.
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