Saturday, 21st November 2009

 

17 October 2008 - Press Briefing

RBS Coutts seeks ambitious growth at Indian unit

RBS Coutts plans to bolster revenues and assets at its recently acquired Indian arm by 30% to 50% over the next five years, Raj Sriram, global head of the South Asian private banking unit of RBS, said, according to a Reuters report.

However, Sriram said the firm would not go on a recruitment spree immediately, adding that RBS Coutts' brand, coupled with efficiencies achieved through the ongoing consolidation of ABN Amro’s private bank would also help it scale up in the lucrative Indian market.

Tags: Raj Sriram , RBS Coutts

Read the original

Most Read

  1. Colonel Gaddafi's son buys £10m London property
  2. Comment: Prince William seals the ascent of hedge funds
  3. How The Rich Are Different: Recession Hits Investment Psyche
  4. Lombard Odier hires from Coutts
  5. Citi Private Bank poaches senior Merrill executive

Brummel

Relocation, relocation, relocation

Banks have never been shy of firing staff at the merest whiff of a downturn. First the fat, then the muscle and finally the bone. In the past, cuts have been so deep that firms have found it hard to benefit when the markets rebounded, paying over the odds to restaff at speed. Such wild oscillations in staffing numbers are known as “doing a Merrill”.

Rich Monitor

Diary: Utopia for Yacht Lovers

Looking to get more from your yacht? Why not share it with others?

More from Wealth Business

  1. Aberdeen takes control of Horlick's Bramdean
  2. KKR's deal maker and truffle hunter
  3. Stanhope Capital grows staff by 50%
  4. London & Stamford profits up but still 'cautious'
  5. Hildebrand urges stricter regulations for Swiss banks

Related Content

  1. Coutts steers clear of RBS job cuts

2nd Floor, Stapleton House, 29-33 Scrutton Street, London, EC2A 4HU

Tel: +44 (0) 20 7309 7788

Company No 3089347