People Moves

Ex-Coutts Senior China Banker Joins Rival In Asia

Tom Burroughes Group Editor 20 March 2015

Ex-Coutts Senior China Banker Joins Rival In Asia

A senior private banker for Asia at Coutts has defected to one of its main rivals in the region.

Barclays has hired Andrew Sum as market head, Greater China, after his having left a similar post at rival Coutts, as this publication reported earlier this week.

Other details concerning Sum’s new post and reporting lines are not yet known. Barclays declined to comment on the matter when contacted.

Sum had been at Coutts, part of Royal Bank of Scotland, the part-government-owned UK bank, since 2008.

Such moves may be expected at a time when the non-UK businesses of Coutts, such as in Asia, are being disposed of by RBS. In recent weeks there has been speculation that the number of banks likely to bid for the operations have narrowed to as few as four, although RBS has so far declined to comment.

 

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