Ex-RBS banker ignores FSA snub and returns to the City

Laura Miller
clock

Johnny Cameron, the former RBS banker blocked by the FSA from taking up senior positions in the City, has set up his own advisory firm.

The ex-head of RBS' investment banking arm has launched Caps Advisory, after pledging in May this year not to return to banking, the Telegraph reports. "I've got one job starting in September but it's very, very early days. I help with people's relationships with banks, but it's not a financial services business," says Cameron yesterday. Cameron's efforts to continue to make a living from City work will anger many after the 56-year old admitted to a "share of responsibility" in RBS's near collapse in October 2008. The bank, now 83% owned by the taxpayer, was bailed out by the Gover...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Feel Good Friday: Brooks Macdonald gives sports wellbeing advice

Feel Good Friday: Brooks Macdonald gives sports wellbeing advice

Wealth manager has partnered with charity Sporting Wellness

Professional Adviser
clock 03 May 2024 • 1 min read
Adviser guide aims to 'demystify' Consumer Duty annual reporting

Adviser guide aims to 'demystify' Consumer Duty annual reporting

Firms to produce first annual Consumer Duty board report

Sahar Nazir
clock 02 May 2024 • 1 min read
Behavioural coaching a 'tough sell' among prospective clients

Behavioural coaching a 'tough sell' among prospective clients

‘Clients overlook major sources of value from advisers’

Isabel Baxter
clock 02 May 2024 • 1 min read