According to the Financial Times, RBS is integrating the private bank into its UK commercial lending division as part of a review which will also look at the international arm.
Alison Rose, head of the new commercial and private banking division, is reportedly heading up the review and the FT said she is expected to announce her strategy for the business at an investor day “as early as September”.
RBS told the newspaper: “We announced in February that Coutts will sit within our commercial and private banking division, where we can better connect it with the successful entrepreneurs and growth business who are creating wealth.
“As part of the transition and integration of this business, we have been reviewing our private banking business so that it works for the benefit of our customers.”
