Kenneth Tung is joining the bank as managing director and head of financial institutions group (FIG) in the region with the responsibility to further enhance RBS’ relationship with its financial institution clients. He will work with product and sales partners as well as the investment bank in ensuring delivery of the bank’s strong product platform to its clients.

 

Tung has over 16 years’ investment banking experience, primarily covering major financial institutions across the region. He has held various senior roles at a number of major firms, including head of Greater China financial institutions investment banking at Citi and most recently as head of FIG in Asia at Lazard.

 

He will be reporting globally to William Fall, global head of FIG, and regionally to John McCormick, CEO for global banking and markets in Asia-Pacific.

 

Paul McWilliam is taking a new role within the FIG as head of capital solutions and content in Asia-Pacific. In this role, he will focus on advising financial institutions clients on the key developing themes in the sector and the implications for their capital management and liability structuring. He is currently head of bank capital and debt advisory for Asia-Pacific within the primary debt markets team at RBS.

 

McWilliam’s banking career spans more than 20 years, having worked for Goldman Sachs in London for 17 years in various debt markets roles before joining RBS in Asia in 2006 as co-head of DCM in the region.

 

RBS has a strong presence in the financial institutions space in the region, particularly in DCM. Its most recent transactions include the inaugural USD1 billion 144A senior unsecured fixed rate notes for State Bank of India, the 18 billion yen (USD212.72 million) two-tranche Samurai bond for Kookmin Bank, the USD350 million bond for IDBI Bank and the USD500 million offering for National Agricultural Cooperative Federation of south Korea.