The Royal Bank of Scotland (RBS) has unveiled a new senior management appointment to its Global Banking and Markets (GBM) business in Asia Pacific.
With immediate effect, Lawrence Lam has been appointed as head of GBM China, reporting directly to John McCormick, chief executive Asia Pacific, GBM at RBS. Lam will be responsible for the delivery of GBM’s offering to corporate, financial institution, government and public sector clients. He will also have responsibility for the delivery of products and solutions for the bank’s Wealth Management business in the region.
Previously Lam was responsible for the Asia Pacific regional treasury and investor products trading, sales and structuring businesses in Asia Pacific, which consist of money markets, FX, FX derivatives, equity derivatives and emerging markets.
“I am delighted to promote such an experienced individual from within the RBS organisation to this key role,” says McCormick. “This underpins our desire to develop local leadership in the region. We see this appointment as being critical in the continuing development of our Global Banking and Markets business in China, Hong Kong and Taiwan. Lawrence has managed and developed a large number of corporate and FI relationships in his previous leadership role. We look forward to Lawrence driving the RBS GBM and RBS Greenwich Capital activities forward.”