The Royal Bank of Scotland (RBS) has lost one of its longest tenured executives, having parted ways with Robert Godber, its Managing Director of RBS Markets and International Banking, one of the lenders’ UK subsidiaries, Finance Magnates has learned.
Mr. Godber had previously served as the group’s Managing Director, having originally joined the group back in 1984. Over the next three decades he worked across a number of RBS’ divisions, including most recently as one of the co-heads of Financial Institutional Sales in Europe, Middle East, and Africa (EMEA) – a position he stepped into in 2013.
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It is unclear where Mr. Godber’s next destination is following the departure from RBS. Finance Magnates reached out to RBS, which was unavailable for additional comment.
RBS, like many other lenders in the UK, has been making a series of moves in its personnel departments that have affected their respective top to bottom operations. Banks such as Deutsche Bank have opted to target broad-based cost cutting strategies that have seen the loss of thousands of jobs, upwards of 35,000 in the next few years.
While the majority of these roles have been relegated to back office or technology positions, many banks have also shuffled and consolidation wealth management, foreign exchange (FX) desks, and fixed income units to combat sinking profit margins and revenues.