RBS builds on hiring in Asia

Royal Bank of Scotland (RBS) the part-nationalised bank, is hiring in Asia to build up its status in the region, in a controversial move which could lead to questions on its strategy on hiring. The Edinburgh-based group – part-owned by the taxpayer – has hired at least four bankers who will work in its Asian equity arm. Some critics have suggested the move is further evidence of RBS’ aggressive approach to the investment banking recruitment market.