RBS rolls out Coutts in China

SHANGHAI - The Royal Bank of Scotland (RBS) has charged M&C Saatchi with a brand consulting assignment as it rolls out its Coutts wealth management business in mainland China.

It is believed that the agency is working with RBS to hone Coutts' brand positioning via focus groups.

The move leverages a minority stake in the Bank of China (BoC), which RBS bought in 2005 for US$1.7 billion, and targets BoC's more affluent consumers via a joint venture with the Chinese bank.