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Daily Dispatches: BSI hires 100 more from RBS

BSI, the Swiss private bank, has hired more than 100 staff from the Singapore office of RBS Coutts, in one of the largest such transfers between industry rivals. The Financial Times revealed last October that more than 70 staff of RBS Coutts, the international arm of the UK private bank, had quit, although their destination was unknown. But Hanspeter Brunner, BSI Asia chief executive, admitted it had boosted its 30-strong Singapore office with 180 recruits in recent weeks – more than half of whom previously worked for RBS Coutts. (Financial Times)

ANZ expects to have the bulk of regulatory approvals for last year’s $US550 million acquisition of Royal Bank of Scotland’s businesses in Asia finalised over the next three months. The bank today said it had received regulatory approval to complete its acquisition of RBS’ Singapore and Taiwanese businesses. (Business Day)

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