Daily Dispatches: RBS loses key banker in Asia

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Augusto King, Asia head of debt capital markets at Royal Bank of Scotland, has resigned from the firm after nine years. The news comes as another blow to RBS, which recently announced that it was cutting bonuses for 2012 and clawing back bonuses for previous years to cover its $612m Libor fixing fine. King is a banker of stature who helped establish the bank’s debt franchise in the region, including its offshore renminbi business. He is reportedly going to another bank in a debt capital markets role and will remain based in Hong Kong.

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