Head of ECM at RBS resigns after three months in the job

Stanley Ho is leaving the bank, but it is unclear what he will do next. Meanwhile, RBS announces new hires in equity sales and trading.

Royal Bank of Scotland’s head of equity capital markets for Asia, Stanley Ho, has resigned, putting pressure on the bank to look for a new regional head of ECM for the second time in just three months. Ho was promoted to lead the division on June 3 after former ECM head John Sturmey handed in his resignation the previous day.

The quick appointment of Ho was viewed as a positive move and showed the bank was keen to maintain consistency in its ECM department after it had also been forced to replace its head of Asia equity syndicate Rene Mijne. Mijne was about to transfer to the US to head up a new syndicate function...

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