Royal Bank of Scotland (RBS) has another vacancy to fill in its Debt Capital Markets Business in the Middle East following the departure of Marc Giesen, who is leaving just months after a promotion at the bank.
Mr. Giesen came over to RBS following the takeover of ABN Amro in 2000. Despite his promotion as the Head of Debt Capital Markets (DCM) just two months ago, he is now parting ways with RBS on the backend of additional restructuring in other regions.
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Earlier this year, RBS closed down its debt financing team across its Central and Eastern European, Middle East and African business, collectively leading to 16 job losses. Mr. Giesen was an integral component of the transition at RBS, which as recently as September underwent the aforementioned restructuring process.