Coutts, the wealth division at Royal Bank of Scotland, has hired Keith Wilson to fill the newly-created role of head of products and services development, with immediate effect.

Wilson, who also assumes the title of managing director, joins from the wealth and investment management of Barclays, where he was in charge of products for Barclays Wealth Advisory. Earlier in his career, he held a number of senior roles in the structured capital market segment at Barclays and as part of structured solutions at Citigroup. He also spent five years as a tax lawyer with Linklaters.

In his new job, Wilson will be based in London and lead the products and services development team internationally. He will report to Ian Ewart, head of products, services and marketing.

“The products and services development team has been formed to better meet the growing demand from clients who have increasingly diverse investment needs," said Ewart. "This team will work closely with product managers and support functions to safely deliver new products and supervise our existing product range to ensure our overall product suite is dynamically managed."

In other recent hires at Coutts, WealthBriefing could exclusively report last week that Ben Hunt had been taken on as managing director and head of derivative products. Like Wilson, Hunt joined from the wealth and investment management division of Barclays, where he was most recently head of structured products. Before this he held various director-level roles, including head of structured product development and head of investment product development.

At the start of August, Coutts named Scott Le Flour as an associate director in the Channel Islands. Le Flour, who is now based in Jersey, has been with RBS since 2002 and Coutts specifically since 2007. Before his Channel Islands appointment he managed UK resident, non-domiciled clients.

The wealth arm of Royal Bank of Scotland, which includes Coutts, recently reported an operating profit before impairment costs of £131 million ($203.4 million) in the six months to the end of June, down from £138 million a year before. This division of the UK-listed bank reported net interest income in the first half of 2012 of £357 million, a rise from £325 million a year before; total income stood at £593 million, up from £554 million.