RBS experiences compliance shake up as staff depart

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The Royal Bank of Scotland is experiencing a shake-up in its compliance staff, with its general counsel and three other staff members having left or preparing to leave the bank.

The New York Times reports that Chris Campbell, the lender’s group general counsel, retired last month after nearly a decade at the bank, an R.B.S. spokesman confirmed on Thursday.

John Collins, the R.B.S. deputy general counsel, has succeeded Mr. Campbell as the company’s top legal officer. He previously worked as general counsel at the Dutch financial services company ABN Amro and as a lawyer at Citigroup.

Carolina Garces-Monterrubio, a former compliance officer for R.B.S. for Europe, Middle East and Africa, and Mary Squire, the former head of sanctions and anti-money-laundering for the Americas, have both departed for HSBC, an HSBC spokeswoman confirmed on Thursday.

Ms. Garces-Monterrubio will serve as HSBC’s global head of anti-money-laundering for its commercial bank, while Ms. Squire will serve as HSBC’s head of anti-money-laundering for the Americas.

To access the complete New York Times article hit the link below:

Compliance Shake-Up at R.B.S. as General Counsel and 3 Others Leave Bank

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