Foundation
The holding company was established in 1998 by Frits W. Vernède. He previously worked at ABN AMRO in Amsterdam, VOPAK in Rotterdam, ING Bank in Amsterdam, Société Générale Bank in Amsterdam and the Meeùs Group in Amersfoort, and as a real estate developer at a mid-sized builder in Utrecht.
A period of preparation preceded the foundation: the expansion of the network of relationships and the design of a framework for corporate planning.