RBS creates new CEO role in Luxembourg

LuxembourgThe Royal Bank of Scotland has promoted Revel Wood to the newly created position of chief executive officer of RBS Luxembourg, its Luxembourg-domiciled management company and fund governance business.

The position was created after an internal reorganisation aimed to bring the business in line with client demands.

Wood’s tasks will be to prepare the business for the Alternative Investment Fund Managers Directive (AIFMD) and to further develop strategic partnerships with clients and service providers.

Wood joined RBS Luxembourg in January 2012 as director and chief operating officer. He helped to complete the adoption of a new risk platform in 2013 to support an expanding client base and the complexities of investment fund regulation.

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