RBS names Asia corporate & institutional head

Pierre Ferland is appointed, while Madan Menon, co-head of markets and international banking, is to leave the bank.

Royal Bank of Scotland has made its first leadership appointment in Asia-Pacific since the bank unveiled a simplified structure in February.

Pierre Ferland, currently the co-head of markets and international banking for Asia-Pacific, has been appointed head of corporate institutional banking for Asia-Pacific.

An RBS spokeswoman confirmed the move, which is effective May 1.

In February, in an effort to simplify the business, RBS combined seven business divisions into three personal business banking, commercial private banking and corporate institutional banking.

However, as RBS does not service retail or small-to-medium enterprise customers in Asia, its focus in the region is primarily...

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