Malaysia’s CIMB hires the top i-banking & institutional equities team of RBS India | VCCircle
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Malaysia’s CIMB hires the top i-banking & institutional equities team of RBS India 

BY  Bruhadeeswaran R
RBS is said to be in the process of selling its retail assets in India where Yes Bank is reportedly one of the suitors.

Within months of calling off a proposed deal to buy a part of Royal Bank of Scotland (RBS) in India as part of an international takeover, CIMB Bank has hired the entire top fleet of the business units and is now set to launch its operations through an organic expansion, a top source told VCCircle.

Part-owned by Malaysia’s sovereign wealth fund Khazanah, CIMB has hired the top executive team handling corporate finance, investment banking and equities at RBS India.

The international deal between the two, first announced on April, 2012, was modified in mid-2012 which struck off the India unit...

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