Paul Davies succeeds Sriram at RBS Coutts

Paul Davies is the new head of private banking for South Asia at RBS Coutts, replacing Raj Sriram, who left the UK private bank to join Swiss wealth manager BSI Bank together with former Coutts co-CEO Hanspeter Brunner.

Those departures pre-empted the resignation of 70 staff, including 20 bankers, from the Singapore office, news of which emerged earlier this month. New Asia chief executive Nick Pollard has since sought to assuage concerns over RBS Coutts's Asian business.

Based in Singapore and reporting to Pollard, Davies will be responsible for the private banking teams in Singapore, Malaysia, Indonesia, Thailand and South Asia. He also looks after the non-resident Indian...