Senior appointments at investment banking franchise

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Senior appointments at investment banking franchise

The Royal Bank of Scotland plc today announces a significant boost to its investment banking franchise in Asia with a series of senior appointments in both in-country origination and sector coverage teams.

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20 September 2011

In China, Betty Zhao joins the Bank as Head of China Origination Group; while in Indonesia, Richard Fischer joins the bank as Managing Director, Corporate Finance in PT RBS Asia Securities Indonesia (PT RBSASI), with the intention of being named Head of Securities, Indonesia and President Director, subject to approval from Indonesia's Capital Market Supervisory Board (Bapepam).

RBS also further expands its energy and resources coverage team with two new hires. Rick Henry joins the APAC Energy & Resources team as Managing Director, while Terry Zhi is appointed as a Director with the China Energy & Resources team.

Commenting on the new appointments, Matthew Kirkby, Regional Head of Global Banking for Asia Pacific and Global Head of Corporate Finance said: "Asia Pacific is a very important market for RBS, where we see tremendous growth potential. These new appointments demonstrate our continuing efforts to expand our investment banking franchise across the region. It also underscores our ability to attract top talent in our chosen markets. With their wealth of experience and deep market knowledge, these new hires are tremendous additions to our Global Banking franchise in the region. I am confident our new colleagues will make invaluable contributions to the development of RBS's investment banking business in the region."

In her role as Head of China Origination Group, Ms. Zhao is responsible for originating investment banking deals from China. She will be based in Hong Kong and will report to Sherry Liu, Chairman and CEO for RBS Group in China. Ms. Zhao has 20 years of work experience in a business management capacity, including 11 years working as an investment banker in both the US and China. Before joining RBS, Ms. Zhao was a Managing Director and Head of China Financial Institutions (FI) and Real Estate in JPMorgan. Prior to that, Ms. Zhou was Executive Director focusing on FI, real estate and natural resources clients in Morgan Stanley.

Based in Jakarta, Mr. Fischer will head up RBS's Indonesia securities entity and will also be responsible for enhancing RBS's strong client relationships with local Indonesian corporates. Mr. Fischer joins RBS from TC Capital, where he has been a Managing Director since 2009. In that role, he was responsible for the origination and execution of Indonesian transactions and advised large Indonesian business groups on local and cross border transactions. He was also a director at PT Indorub, an Indonesia plantation company.

Before TC Capital, Mr. Fischer was with Merrill Lynch for over 12 years, focusing primarily on Asian Equities, working in various markets including New York, Indonesia, San Francisco and Singapore. Mr. Fischer started his banking career with Morgan Stanley Asset Management in Singapore and later worked with ING Barings in Indonesia and New York, covering U.S. clients investing in Asian equities.

In the energy and resources sector, Mr. Henry brings with him 20 years of experience in M&A in investment banking, with a focus on Chemicals, Metals & Mining, Oil & Gas and Utilities. Mr. Henry will be based in Hong Kong and report to Viral Gathani, Head of Energy & Resources, Asia. He spent 17 years with Deutsche Bank in Frankfurt and London and was Managing Director and Co-Head of M&A for Europe for Energy & Resources. Mr. Henry holds an MBA from INSEAD and an MA in Modern Languages from Oxford University.

Prior to joining RBS, Ms. Zhi spent 11 years in CLSA Limited, most recently as Director of Investment Banking of China Execution, responsible for leading ECM and M&A transaction execution. She will be based in Hong Kong and report to Qing Zhu, Managing Director and Head of China Energy & Resources team.

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