RBS China head Sherry Liu quits

Sherry Liu, chairman and chief executive officer of Royal Bank of Scotland RBS in China, has resigned from the post after just 16 months.

Liu is leaving RBS to pursue “outside interests”, but will continue to act as an adviser to the bank’s international banking team, according to a spokesperson at the bank.

“Sherry has been instrumental in building the RBS China franchise and helped us secure a number of important mandates and deals as a result,” the bank said in a statement. “Sherry will assist our international banking business in an advisory capacity to build on the significant momentum created with a number of...