RBS to recruit 100 new Japanese staff

24 January 2007

The Royal Bank of Scotland (RBS) is planning to add around 100 new bankers to its payroll in Japan, according to reports.

In an interview with reporters in Tokyo, RBS's head of global banking and markets in Japan, John Mullins, said that between 80 and 100 new staff would be hired in order to boost its asset-backed acquisitions and takeovers business in Japan.

"Acquisitions in Japan will continue to grow,'' said Mr Mullins.

RBS, the UK's second largest bank, has already doubled its Japanese workforce over the past three years, with a total of 250 people now employed.

Many of the new employees will be added to the company's Tokyo brokerage unit, according to Bloomberg News.

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