Nick Pollard, chief executive of RBS Coutts Bank, said he will replace all the 70 bankers who quit in its Singapore office last week, taking hiring targets up to 270 people over the next four years.

“We have a five-year plan for adding 200 new people in Asia and doubling assets under management — which are currently at $16.7 billion — and that’s still the plan. And [the hiring target figure] is a bit more than that now, because everyone who’s left will be replaced,” Pollard told AsianInvestor.com in an interview.