RBS urged to replace Hester with McEwan, hedge fund said looking at C Suisse unit

RBS

RBS has been urged to speed up its hunt for Stephen Hester's successor.

Citywire reports that analysts at Investec, the investment bank, believe RBS should 'act decisively' and appoint Ross McEwan as Hester's replacement.

McEwan was named RBS' chief executive of UK retail last August after the state-backed lender lured him from the Commonwealth Bank of Australia, where he served in a similar role.

In the meantime, Bloomberg reports that Coller Capital, the British buyer of private-equity assets started by Jeremy Coller, is in talks to acquire Credit Suisse’s stake in DLJ Merchant Banking Partners, three people with knowledge of the talks said.

Coller is close to an agreement to acquire the bank’s stake in New York-based DLJ’s funds, said the people, who asked not to be identified because the talks are private. DLJ’s managers, led by Nicole Arnaboldi, will start their own firm to manage those assets on behalf of Coller, one of the people said.

RBS urged to speed up its hunt for Hester's successor

Coller Capital Said in Talks to Buy Credit Suisse Unit

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