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RBS shuffles Asia-Pac team

Royal Bank of Scotland has made its first leadership appointment in Asia-Pacific since it 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. 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. Ferland will be leading RBS’s wholesale bank in Asia-Pacific. He will join the corporate and institutional leadership team, led by Donald Workman, executive chairman for corporate & institutional banking. As part of the changes, Madan Menon, who is co-head of markets and international banking for Asia-Pacific, has decided to leave the bank. However, he will work with Ferland in the coming months to ensure a transfer of responsibilities. Menon, who is based in Singapore, joined RBS in 2007 as head of global banking and markets India, moving across from Barclays Capital where he was co-chief executive for India.

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