Maurice Lippens (businessman) explained

The Count Lippens
Birth Date:1943 5, df=yes
Birth Place:Knokke, Belgium
Nationality:Belgian
Occupation:Businessman
Known For:Chairman of Fortis

Maurice Robert Josse Marie Ghislain, Count Lippens (born 9 May 1943 in Knokke, Belgium) is a Belgian businessman and banker. He is the grandson of Maurice Lippens (1875) and brother of Leopold Lippens, mayor of Knokke-Heist.

Education

Maurice Lippens obtained a doctorate in law from the Universite Libre de Bruxelles (ULB) (Brussels, Belgium) in 1967, and an MBA degree from the Harvard Business School (U.S.) in 1972.

Career

Maurice Lippens started his professional career in South Africa to assist with the reorganisation of the Maatschappij voor Zeevisserij where he stayed for five months, and then served his military service duties in the Belgian army.

Afterwards, he went through an apprenticeship at the Banque de Paris et des Pays-Bas (financial analysis), followed by the Générale de Banque in financial management. After he graduated from Harvard Business School (MBA), he held management positions at Scienta S.A., the Société Européenne de Venture Capital. He then took over a company in Brussels on his own account, which was resold in 1979.

Maurice Lippens joined the in 1981, in 1983, he became managing director, and then Chairman / Managing Director in 1988. He has been the Chairman of Fortis since 1990, participating to the creation of the group. In 2000, he became chairman of the executive committee of Fortis. In 2004, he became the sole President of the group.[1]

Mr Lippens was relieved of his position after a government bailout of the bank on 28 September 2008.[2] He has been involved in numerous law suits and was accused of calling for private investors to buy more Fortis shares in June 2008.[3] In 2009, he still owned his shares (920,000 shares) of Fortis.[4] In 2012, a Dutch court cleared Maurice Lippens for the misleading financial information published by Fortis in May–June 2008.[5] In 2018, the Belgian justice dropped charges against seven ex-directors of Fortis, including Maurice Lippens, considering that they could not have foreseen the subprime mortgage crisis.[6] [7]

After leaving Fortis in 2008, he lived off his family's real estate company.[8]

Other positions

Awards

2004: Grand Officer of the Order of Léopold II

References

  1. Web site: Fortis President Maurice Lippens is made Grand Officer of the Order of Léopold II Ageas. www.ageas.com. 2019-09-20.
  2. Web site: Maurice Lippens. lesoir.be. en. 2019-09-20.
  3. Web site: Did Maurice Lippens deceive small investors?. News. Flanders. 2013-09-21. vrtnws.be. en. 2019-09-20.
  4. Web site: Maurice Lippens beschikt nog over 1 miljoen aandelen Fortis. Gazet van Antwerpen. 11 April 2009 . nl-BE. 2019-09-20.
  5. News: UPDATE 2-Ex-Fortis CEOs fined for misleading markets. 2013-06-19. Reuters. 2019-09-20. en.
  6. News: Ten years on, Belgium drops case against Fortis ex-directors. 2018-12-20. Reuters. 2019-09-20. en.
  7. Web site: Maurice Lippens et le top de Fortis vont échapper au procès. 2018-12-20. L'Echo. fr. 2019-09-20.
  8. Web site: Hier leeft Maurice Lippens van, en zijn familie. NRC. 22 July 2009 . nl. 2019-09-20.
  9. Web site: Maurice Lippens: "On est à un tournant". Libre.be. La. 2006-08-14. www.lalibre.be. fr. 2019-09-20.