Augusto King, Asia head of debt capital markets, resigned from Royal Bank of Scotland (RBS) on Friday. King was part of the old ABN Amro team and, including his time there, he had been with the bank for nine years.
King helped establish the bank’s debt franchise in the region, including its offshore renminbi business. He was also one of a few remaining ABN Amro bankers at RBS.
He is understood to be heading to another bank in a debt capital markets role and will continue to be based in Hong Kong. In the past, he has also worked at HSBC, Bank of America Merrill Lynch and J.P. Morgan.
King was previously a co-head of debt capital markets Asia at RBS, a position he shared with Roland Hinterkoerner. He was promoted to sole head of debt capital markets for Asia last year. Meanwhile, Hinterkoerner became the head of corporate advisory for Asia-Pacific, as the bank sought to meet the needs of companies after selling off its regional corporate finance business to CIMB.
King reported to John Wade, the Asia-Pacific head of debt capital markets and syndicate. His departure is the latest change at the bank this year. In January, Guy Wylie joined RBS as its new head of primary markets for Asia-Pacific, a newly created role at the bank.
