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Reasons offered for RBS Coutts exodus

October 13, 2009  

From Leigh Powell

Compensation issues, new employment contracts, lack of faith in management and a cultural shift have been given as reasons why over 70 people quit from RBS Coutts. But the firm has countered this by outlining big hiring plans and says the departures have had no impact on clients.

Compensation issues, new employment contracts, lack of faith in the UK management and a cultural shift have been put forward as reasons why more than 70 people recently quit RBS Coutts in Singapore.

But the international private banking arm of...


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 LOCAL CURRENCY DCM

Rank Bookrunner Value ($m) No. %Share
1 Samsung Securities Co 1,079 13 4.8
2 China Development Bank Corp 1,066 3 4.8
3 KB Financial Group Inc 1,052 10 4.7
4 Daewoo Securities 950 8 4.2
5 Korea Investment & Securities 865 14 3.9
6 Woori Investment & Securities 854 12 3.8
7 SK Securities 758 8 3.4
8 CITIC Securities 686 2 3.1
9 Dongbu Group 650 10 2.9
10 Haitong Securities 649 2 2.9
Subtotal 8,609 70 38.4
Total 22,396 168 100.0

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