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RBS appoints head of Global Network Banking Asia Pacific

The Royal Bank of Scotland plc ("RBS") today announces a significant new hire as part of its overall investment programme in Asia Pacific (APAC) and the Global Network Banking business.

Manfred Schmoelz will join RBS as Head of Global Network Banking in Asia Pacific after 7 September 2011. Mr. Schmoelz will focus on the growth of the RBS Global Network Banking franchise and how it will continue to go from strength to strength in supporting our multi-national enterprise clients and their regional subsidiaries.

RBS Global Network Banking is responsible for the coverage of subsidiaries of multinational corporates, and a key focus area for growth in RBS. Global Network Banking services over 4,000 subsidiaries of multinational clients in Asia delivering cash (payments & liquidity), trade and supply chain, and merchant acquiring products and services in multiple currencies across multiple time zones.

This is the second key hire for the Global Network Banking APAC business this year, Jonathan Jiang was appointed in April as Global Network Banking Head in China.

Commenting on the appointment, Paul McDonagh, Head of Global Network Banking for RBS, said: "Manfred Schmoelz will bring 21 years of experience in Corporate Banking, 15 of those in Asia, to his role with RBS. As a business we are committed to helping our global clients grow their subsidiaries in the APAC region, and to supporting our regional clients with their subsidiaries across our extensive footprint. We can use our global network to support clients in any time zone at any time. Manfred’s appointment will help us continue to be the Global Network Bank of choice for our corporate clients".

Matthew Kirkby, Head of Global Banking, Asia Pacific and Global Head of Corporate Finance said, "We continue to invest in our business in Asia Pacific to support our growth priorities. Manfred’s appointment demonstrates again the high calibre of candidates that RBS attracts. Building a top tier inbound APAC multinational client business is one of the keys to achieving our aspirations for our overall corporate and investment banking business in the region".

Mr. Schmoelz will be based in Singapore and will report into Paul McDonagh, Matthew Kirkby and Alan Goodyear, as Head of Global Transaction Services APAC. Previously Mr. Schmoelz acted as Chief Country Officer for Thailand at Deutsche Bank. He was responsible for all of Deutsche Bank’s local business lines and employees, and its relationship with Thailand’s banking regulators, central bank, and other institutions. Prior to this role, he was Deutsche Bank’s Head of Corporate Banking Coverage, Asia Pacific.

Alan Goodyear also commented, "Manfred is a seasoned banker with a solid grounding in commercial banking. He will bring a strong track record of building relationships across multi-national companies, local corporates and SME segments to the benefit of the business".

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