Sir Fred’s sidekick returns

Marion Dakers
A FORMER Royal Bank of Scotland executive who agreed never to work in the City following an FSA probe is to become a senior adviser to a small investment bank, it emerged last night.

Johnny Cameron, who sat on the board of RBS alongside Sir Fred Goodwin at the time of the bank’s bail-out, struck a deal with the FSA in May to not seek another full-time role in financial services, though the watchdog did not find regulatory breaches.

Cameron set up his own advisory firm named CAPS Advisory in August and, according to a Sky News report, will act as consultant for investment bank Gleacher Shacklock.

The FSA stepped in to block Cameron working in the City in 2009, when he lined up a job at investment bank Greenhill.

Cameron, Gleacher and CAPS Advisory did not return calls for comment yesterday.