High staff turnover bad for private banking, says Coutts's Asia chief

Following the resignation of 70 staff from the Singapore office of RBS Coutts, new Asia chief executive Nick Pollard has a tough job on his hands replacing them, retaining clients and making further new hires. Having recently relocated from London, where he was managing director at the UK private bank, he will remain in Singapore for the rest of this year before moving permanently to Hong Kong. Pollard replaces Hanspeter Brunner, who will become Asia head at BSI Bank, a Swiss private…