The Singapore office of RBS Coutts said yesterday that a little more than 70 people had resigned from the private bank, which is part of the Royal Bank of Scotland group. Of that total, approximately 20 were bankers, said a spokeswoman. The resignations have come over the course of three-to-four weeks.
The Asian private banking market is very volatile, said Elena Chong, head of marketing and communications for Asia at RBS Coutts, acknowledging that there has been an increase in bankers hopping from one firm to another. Naturally, competitors are going to turn to a pool of experienced staff like we have at RBS.
Sources speculate that many of the bankers may...
¬ Haymarket Media Limited. All rights reserved.
