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RBS To Revamp Investment Banking Unit

Royal Bank of Scotland is planning to restructure the management of its investment banking division, Marco Mazzucchelli.

Royal Bank of Scotland (RBS) is planning to restructure the management of its investment banking division, Marco Mazzucchelli, Financial Times reports. Mazzucchelli will resign from his post as deputy CEO of RBS’ global banking and markets operation.

Mazzucchelli will join a high-level advisory committee that focuses on the bank’s relationships with its biggest customers. The bank will now manage its international banking business along regional lines with senior executives in the U.S., Europe and Asia reporting to the investment bank’s chief executive, John Hourican.

Click here for the story from Financial Times.

Click here for the additional coverage from Reuters.

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