RBS to subsume ABN Amro wholesale brand
Royal Bank of Scotland, which teamed up with Benelux bancassurer Fortis and Spain's Santander to buy Dutch bank ABN Amro for EUR70 billion in October, will do away with the ABN Amro brand in the wholesale banking arena. The merged division will be run in Asia-Pacific by RBS' current Asia head of global banking and markets (GBM), John McCormick.
RBS' London-based global banking and markets chief, Brian Crowe, unveiled 'level 1' appointments in an internal memo on December 7. He stressed that this
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