RBS Hires JPMorgan Executive to Replace Morley at Queen's Bank

  • Peter Flavel joins from U.S. lender's Asia private bank unit
  • Michael Morley will step down as CEO of Coutts & Co. division

Royal Bank of Scotland Group Plc hired the head of Asia wealth management at JPMorgan Chase & Co. to lead its private-banking businesses, as Michael Morley steps down.

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