Top RBS banker to leave as part of overhaul

Jan de Ruiter, one of Royal Bank of Scotland’s most senior European bankers, is leaving as the lender reshuffles its investment bank on the continent.

Bloomberg News reports that the former head of Europe, Middle East and Africa client coverage, and country executive for the Netherlands, departs at the end of 2015 after 27 years with RBS and ABN Amro, according to a memo sent to employees at the end of August seen by Bloomberg

RBS eliminated 100 jobs on Wednesday as part of CEO Ross McEwan’s plan to shrink the investment bank to focus on consumer lending in the U.K. and Ireland, two people with knowledge of the matter said. The bank is exiting 25 countries around the world, cutting jobs and assets as McEwan attempts to overturn seven straight annual losses.

To access the complete Bloomberg News article hit the link below:

RBS's Jan de Ruiter to Leave This Year in European Overhaul

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