RBS sounds global retreat leaving bank’s Asian future in the balance

RBS announced a slew of changes on Thursday as the struggling bank undergoes a large restructuring programme that will reduce it from a global lender to a more UK-focused operation. Despite the expected downsizing, those close to RBS are not expecting any major upheavals to its Asian operations just yet, write Rev Hui and Rashmi Kumar.

  • By Rev Hui
  • 28 Feb 2014

The restructuring, codenamed Project Cook, will see RBS move away from the current seven operating division structure to a three sector business model consisting of corporate and institutional banking, personal and business banking, and commercial and private banking.

Donald Workman, most recently the bank’s head of Asia, will ...

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1 Bank of China (BOC) 18.01
2 Everbright Securities 16.95
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