Seventy employees depart RBS Coutts Singapore

Of the 70 staff members who have departed RBS Coutts in the past month, approximately 20 were bankers.

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...

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