Royal Bank of Scotland’s retail chairperson Brian Hartzer is quaking up the portion -state-owned bank’s capital business by outlining in investment banker Rory Tapner, the former chairman and the chief executive of UBS’s Asian process.
According to Mr. Tapner, who came back to London to commence his fresh role next month, shall chair the private bank Coutts, along with Adam & Co, the slighter Edinburgh-based wealth wing and RBS’s offshore banking dissection.
The appointment might suppress enduring rumors that RBS might ultimately sell Coutts. One concern that shall require Mr. Tapner’s interest shall be the lately declared regulatory investigate into savings bonds Coutts which has been sold to wealthy investors counting Sir Keith Mills as well, who designed the Air Miles and Nectar card loyalty schemes.
Mr. Tapner who is projected to draft in numerous of top-flight bankers to fortify private banking will also see to reinstate the repute of Coutts’s Asian operations trailing a series of staff defections.