Bloomberg News

RBS Moving Bond Trading to Singapore From Australia, AFR Reports

February 27, 2012

Royal Bank of Scotland Plc will shut down fixed-income trading in Sydney and relocate the operations to Singapore and London, the Australian Financial Review reported in its DealBook column online, citing a memo obtained by the newspaper.

The move will affect about 80 staff, and trigger some redundanices, the AFR said. RBS will keep a fixed-income sales presence in Australia, according to the report.

To contact the reporter on this story: Candice Zachariahs in Sydney at czachariahs2@bloomberg.net

To contact the editor responsible for this story: Garfield Reynolds at greynolds1@bloomberg.net


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