Schmoelz joins RBS in push to expand global network banking

The Royal Bank of Scotland RBS has hired Deutsche Bank’s Manfred Schmoelz to head its global network banking business in Asia-Pacific. He will officially join the bank after September 7 and is the replacement for Peter Leyssius who will leave the bank to return to Europe. Schmoelz’s appointment is the second this year for RBS’s global network banking business. Jonathan Jiang joined RBS from Bank of America Merrill Lynch as its new China head of global network banking in April this year.

Schmoelz has 15 years of corporate banking experience in Asia and will relocate to Singapore from Thailand where he was chief country officer for Deutsche Bank,...