Esther Heer leaves RBS Coutts

Esther Heer, RBS Coutts's head of private banking for North Asia, has left the firm, according to a release announcing her replacement. Heer was unavailable for comment and it is unclear where she is moving to.

However, RBS Coutts, the international private banking arm of the Royal Bank of Scotland Group, said yesterday that it has appointed Ignatius KK Iggy Chong as its new head of private banking for North Asia.

Based in Hong Kong, Chong will be charged with driving growth of the bank's business in China, Hong Kong, Taiwan and the Philippines.

With regard to Heer's departure, it is a concern that it could lead to other bankers also handing...