Difference between revisions of "Johnny Cameron"
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| − | Johnny Cameron ( | + | '''Johnny Cameron''' is the former head of the [[Royal Bank of Scotland]]'s investment banking division, which was largely responsible for the taxpayer bailed-out bank's billions of pounds of bad debts. |
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| + | In 2010 the [[Financial Services Authority]] (FSA) banned Cameron from taking on a full-time job in the City although did not find him guilty of any regulatory breaches. It said Cameron "would not meet its current standards" but allowed him to carry out part-time consultancy work. According to the ''Evening Standard'': | ||
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| + | :Cameron has already been blocked from two senior posts. The FSA stopped him taking on a role at City advisory firm [[Greenhill]] while the investigation was going on and he was forced to quit headhunter [[Odgers Berndtson]] days after joining when [[UK Financial Investments]] - which manages state-owned banking assets - withdrew a contract from the firm. <ref>[http://www.standard.co.uk/business/rbss-jonny-cameron-banned-from-city-6470731.html RBS's Jonny Cameron banned from City], ''The Evening Standard'', 18 May 2010, acc 22 October 2012 </ref> | ||
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| + | Cameron was the only banker to be censured by the regulator for his involvement in the events leading to RBS's bailout. <ref> Jill Treanor, [http://www.guardian.co.uk/business/2012/oct/19/regulator-rbs-abn-amro-financial-services-authority Regulator should have stopped RBS from buying ABN Amro, say MPs] ''The Guardian'', Friday 19 October 2012 </ref> | ||
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| + | ==Career== | ||
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| + | Mr Cameron joined The Royal Bank of Scotland Group in 1998 as Managing Director of Corporate and Institutional Banking following ten years with [[Dresdner Kleinwort Benson]], where he led the growth of their financing activities, finishing as co-head of Global Finance. He had previously been an Executive Director at [[County NatWest]]. In 2000 he was appointed Deputy Chief Executive of Corporate Banking & Financial Markets (CBFM) with responsibility for the integration of the [[NatWest]] and RBS Corporate Banking businesses. In October 2001 he was appointed Chief Executive CBFM, subsequently renamed Corporate Markets in January 2006. <ref>RBS [http://www.rbs.com/about03.asp?id=ABOUT_US/GROUP_STRUCTURE/THE_GROUP_EXECUTIVE_MANAGEMENT_COMMITTEE Executive Management Committee - Johnny Cameron], Accessed 2nd August 2007</ref> | ||
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| + | Cameron was appointed to the RBS board in March 2006. <ref> RBS [http://www.rbs.com/about03.asp?id=ABOUT_US/OUR_BOARD RBS Board - Johnny Cameron], sccessed 2nd August 2007 </ref> | ||
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| + | ==Notes== | ||
| + | <references/> | ||
| + | [[Category:Banking and Finance Industry]] | ||
Latest revision as of 02:20, 22 October 2012
Johnny Cameron is the former head of the Royal Bank of Scotland's investment banking division, which was largely responsible for the taxpayer bailed-out bank's billions of pounds of bad debts.
In 2010 the Financial Services Authority (FSA) banned Cameron from taking on a full-time job in the City although did not find him guilty of any regulatory breaches. It said Cameron "would not meet its current standards" but allowed him to carry out part-time consultancy work. According to the Evening Standard:
- Cameron has already been blocked from two senior posts. The FSA stopped him taking on a role at City advisory firm Greenhill while the investigation was going on and he was forced to quit headhunter Odgers Berndtson days after joining when UK Financial Investments - which manages state-owned banking assets - withdrew a contract from the firm. [1]
Cameron was the only banker to be censured by the regulator for his involvement in the events leading to RBS's bailout. [2]
Career
Mr Cameron joined The Royal Bank of Scotland Group in 1998 as Managing Director of Corporate and Institutional Banking following ten years with Dresdner Kleinwort Benson, where he led the growth of their financing activities, finishing as co-head of Global Finance. He had previously been an Executive Director at County NatWest. In 2000 he was appointed Deputy Chief Executive of Corporate Banking & Financial Markets (CBFM) with responsibility for the integration of the NatWest and RBS Corporate Banking businesses. In October 2001 he was appointed Chief Executive CBFM, subsequently renamed Corporate Markets in January 2006. [3]
Cameron was appointed to the RBS board in March 2006. [4]
Notes
- ↑ RBS's Jonny Cameron banned from City, The Evening Standard, 18 May 2010, acc 22 October 2012
- ↑ Jill Treanor, Regulator should have stopped RBS from buying ABN Amro, say MPs The Guardian, Friday 19 October 2012
- ↑ RBS Executive Management Committee - Johnny Cameron, Accessed 2nd August 2007
- ↑ RBS RBS Board - Johnny Cameron, sccessed 2nd August 2007
