RBS hires Charly Madan as new Thai country chief

Madan replaces Plakorn Wanglee, who left to join Standard Chartered and is said to have taken four other Thai coverage bankers with him.

Royal Bank of Scotland has appointed Charly Madan as its new country executive and head of international banking for Thailand. Madan, who joined the bank on December 1, is responsible for the overall management of RBS’s businesses in Thailand and in ensuring that it is compliant with regulatory requirements. He reports to Madan Menon, RBS’s head of international banking for Asia-Pacific.

Madan was previously the head of corporate banking at Bank of Ayudhya known as, Krungsri, one of the biggest and oldest banks in Thailand. In addition, he was also the chairman of Krungsri Factoring and on the board of directors for Krungsri Securities. He assumed those...

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