Head of Coutts Intl set to exit following UBP deal – source – Yahoo Finance

Alexander Classen, chief executive of Royal Bank of Scotland’s (RBS.L) overseas private banking arm, is set to step down shortly following a sale to Union Bancaire Privee (UBP), according to a person familiar with his thinking. A veteran private banker, Classen had been asked to lead the integration of the two private banks, but has declined the offer and will leave Coutts within the coming two to three weeks, the source said. The 52-year-old’s exit follows the departure of two of the regional heads of the business after Geneva-based UBP agreed last month to buy the international arm of 300-year-old British wealth manager Coutts. RBS is keeping Coutts’ UK business, which counts Britain’s royal family among its customers.

Source: Exclusive: Head of Coutts Intl set to exit following UBP deal – source – Yahoo Finance