Coutts, the private banking arm of RBS, has appointed Mark McFarland as executive director and global chief economist.
In this newly created role, McFarland will be based in Hong Kong and he will be responsible for the global leadership of Coutts’ economic views.
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McFarland will be reporting to Gayle Schumacher, managing director and head of investment office and will also report locally to Gary Dugan.
McFarland will work closely with Coutts’ three chief investment officers – Alan Higgins in the UK, Gary Dugan for Asia & Middle East and Norman Villamin for Europe, to determine asset class views.
McFarland, who has more than 15 years of global markets experience in London, Hong Kong and Dubai, has previously worked as a chief investment strategist and head of the wealth management investment strategy unit at Emirates NBD since 2010.
Earlier to this, he has held a number of chief economist roles in Asia with Santander and Swiss Re. More recently, he has also worked for NAEEM, managing macro research at a Dubai-based hedge fund.
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By GlobalDataGayle Schumacher said: "Mark’s appointment will further build on the strength of our investment proposition and allow us to be both truly global and connected in our investment approach."
