RBS Coutts, the international arm of the UK private bank, is scrambling to rebuild its flagship Singapore office after the mass resignation of one-third of its staff in the city-state, the FT reported. The surprise departures include about 20 key managers, as well as 50 or so support staff, some of whom built up lucrative private banking business with rich Indians and Indonesians.

This entry was posted by Stacy-Marie Ishmael on Tuesday, October 13th, 2009 at 4:04 and is filed under Capital markets. Tagged with RBS Coutts. Edit this entry.