The Royal Bank of Scotland announced on May 3 the appointment of Julian Cheong as head of banking for Southeast Asia. Cheong will be based in Singapore, reporting regionally to John Mullins, Asia-Pacific head of banking, and locally to Muhammad Aurangzeb, country executive Singapore and head of global banking & markets for Southeast Asia and Pakistan.

 

Cheong will be responsible for driving RBS’ growth in its banking business across debt, equity and advisory products as well as overall coverage in the region.

 

Mullins said, “We are delighted to have someone with Cheong’s experience and calibre joining the team. He will be an extremely valuable addition to our investment banking team. His strong relationships with key corporates, financial institutions and government agencies will be extremely valuable as we continue to strengthen our investment banking franchise in Southeast Asia. His appointment underlines our continued commitment to invest in Singapore as well as the region.”

 

“Singapore is a global trading hub of RBS and will continue to play a pivotal role in helping our target clients get access to the international capital markets and investment opportunities. We believe the addition of Cheong to the team will help us further strengthen and cement the bank’s relationships with our clients, who are central to everything we do at RBS,” added Aurangzeb.

 

Since the beginning of the year, RBS has added several key senior managers to its global banking and markets team based in Singapore to support the growth of its wholesale banking business.

 

Cheong was with Goldman Sachs for nearly 10 years, prior to which he took up a number of senior roles in Singapore government departments and agencies, including the Monetary Authority of Singapore.