The private banking arm of RBS has established the Coutts Institute in Singapore and named Roger Low as head. It has also hired new heads of strategy and change for Asia.
Tag : rbs coutts
The bank lists snatching market share and building corporate relationships in Asia as priorities for 2011. Meanwhile, RBS Coutts names a new head of NRI and South Asia business based in Dubai.
The RBS Coutts veteran becomes the next to depart the UK firm for the Swiss private bank, which has also hired Ciro Ahmad as chief operating officer.
Ranjit Khanna becomes the market head for non-resident Indians and South Asia at the Royal Bank of Scotland's international private banking arm.
Ignatius KK (Iggy) Chong replaces Heer as the new head of private banking for North Asia at RBS Coutts.
The Swiss private bank has been hiring feverishly in the region, but may find it harder to attract talent down the road.
As it rebuilds its team in Asia, the UK firm becomes the latest private bank to relocate a top-level executive, Nick Cringle, to the region. It has also hired Manfred Liechti as head of Southeast Asia.
The overseer of RBS Coutts's integration with ABN Amro Private Banking in India will now run the South Asia business.
RBS Coutts's newly installed chief executive Nick Pollard laments the employee 'following culture' in private banking in the region.
Contrary to previous reports, former RBS Coutts chief executive Hanspeter Brunner has joined Swiss private bank BSI.
RBS Coutts launches a women-specific private banking initiative, noting that women "wish to be treated like a man but spoken to like a woman".