People Moves
RBS Names Japan Country Head
The Royal Bank of Scotland has strengthened its Japan
business with the appointment for
Ernfred Olsen as country executive and head of global banking
and markets.
Mr Olsen is the founder of
New City Mortgage, a residential mortgage lending platform in
Japan. Prior to that, he held senior positions at Chase Manhattan
Bank and the Bank of America, the company said in a
statement.
His new role gives him the responsibility over a broad range of
services in Japan for both the Royal Bank of Scotland Securities
Japan and the RBS Tokyo branch, subject to regulatory approvals.
He will also serve as overall country manager for the two said
businesses.
Mr Olsen takes over from
Lee Knight, who has relocated to become head of markets for
Singapore. He reports to head of banking Asia Pacific
John Mullins and head of markets Asia Pacific
Pierre Ferland.
"As one of RBS' global trading hubs, Japan is an important market
for us and Ernie will be a key addition as we build the business
in the country," said Mr Ferland.
His appointment comes alongside the hiring of
Ryusuke Otani as representative in Japan andd chief executive
officer of RBSSJ, in addition to his present position as chief
operations officer. The company has also named
Toby Taniguchi as head of markets, Japan and president of
RBSSJ, in addition to his responsibilities as head of GBM sales,
Japan.
RBS has been operating in Japan from 1971 and has since grown to
a full service bank and securities company offering financing,
risk management and investment services.
