The Royal Bank of Scotland (RBS) has appointed Carole Berndt as global head of transaction services.

Berndt will be based in London and will report to John Owen, CEO, international banking.

John Owen, CEO, international banking said: "The transaction services franchise is an important business and Carole’s appointment shows our determination to invest and grow the division."

Berndt is joining the firm from Bank of America Merrill Lynch where she was EMEA Head of Transaction Banking, a role she has held for over three years.

Prior to BAML Berndt has spent nearly 10 years working in transaction banking with Citi, holding a variety of roles in both Hong Kong and New York.