View all newsletters
Have the short, sharp Spear's newsletter delivered to your inbox each week
  1. Wealth
March 4, 2009

Coutts cuts 150 jobs in the UK

By Spear's

Coutts & Co has started a process of cutting staff numbers as as part of an efficiency drive by its parent, the under fire Royal Bank of Scotland which announced record losses in late February.

Coutts & Co has started a process of cutting staff numbers as as part of an efficiency drive by its parent, the under fire Royal Bank of Scotland which announced record losses in late February.

The move will mainly fall on support staff but a number of private bankers in London and the regions will also be affected, although this will be mainly at a junior level.

A spokesman confirmed that no offices will close down and that private bankers looking after high net worth individuals are unlikely to lose their jobs in the reshaping of the business. This could lead to a reduction of approx 150 jobs from a total workforce of 2,300.

For further details, visit thewealthnet
 

Content from our partners
Meet the females leading in the FTSE
A cut above: Charles Sanford on why HNW clients choose LGT Wealth Management
How the Thuso Group’s invaluable experience and expertise shaped the Spear’s Schools Index 2024

Select and enter your email address The short, sharp email newsletter from Spear’s
  • Business owner/co-owner
  • CEO
  • COO
  • CFO
  • CTO
  • Chairperson
  • Non-Exec Director
  • Other C-Suite
  • Managing Director
  • President/Partner
  • Senior Executive/SVP or Corporate VP or equivalent
  • Director or equivalent
  • Group or Senior Manager
  • Head of Department/Function
  • Manager
  • Non-manager
  • Retired
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications.
Thank you

Thanks for subscribing.

Websites in our network