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.
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.
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.