RBS names Gray to head Asian prime services

Royal Bank of Scotland has named David Gray head of prime services and client execution for Asia-Pacific, as part of RBS’s push into the crowded and competitive market for hedge fund services in the region. Gray was previously head of prime services in Asia-Pacific at UBS, having departed in April last year amid a shake-up of the prime broking team at the Swiss bank. It included the move of Ashley Jarvis to Morgan Stanley, who is understood to be transferring to the UK. Under th…