Coutts Geneva’s head of wealth international, James Buchanan-Michaelson, is reportedly set to join Barclays as RBS, the parent company of Coutts, braces up for the sale of the business.
Buchanan-Michaelson will join Barclays as head of Swiss operations for Barclays’s private bank, according to a Bloomberg report.
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He will replace Simon Gaston, who has recently departed from the bank.
Coutts International, based in Zurich, operates in Switzerland, Monaco, Hong Kong and Singapore. It reportedly managed CHF32.6bn ($33bn) at the end of 2013.
RBS CEO Ross McEwan is offloading the business in an effort to lower costs and focus on wealthy individuals in Britain.
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