RBS poaches Berndt from BAML to head global transaction services
RBS has hired Carole Berndt as global head of transaction services. Berndt has been EMEA head of transaction banking at Bank of America Merrill Lynch for the past three years.
She will be based in London and report to John Owen, chief executive, International Banking, at RBS, who said: “I am delighted to welcome Carole to RBS to take up this important position. The transaction services franchise is an important business and Carole’s appointment shows our determination to invest and grow the division. This appointment also demonstrates our ability to attract industry leading talent that will help us achieve our ambitious goals.”
The appointment is part of a reorganisation initiated by Owen earlier this year that, among other things, combined some existing roles, including that of Kevin Brown, formerly global head of products in the transaction services unit, who has been acting as interim head. He will be moving to a new role once Berndt takes up her position.
Prior to BAML Berndt spent nearly 10 years working in transaction banking with Citi, holding a variety of roles in both Hong Kong and New York.
“RBS is recognised as having a leading global transaction services business, with a strong footprint, capability and service, valued by clients,” said Berndt. “This along with the Banks commitment to investing, innovating through developing its systems and products, makes this an exciting and important time to join the team.”
