In the latest move to rebuild its global banking and markets business in Asia, Royal Bank of Scotland (RBS) has announced the appointment of Paul McWilliam as its new head of syndicate in Asia-Pacific.

McWilliam joins RBS from McWilliam Vega, a firm where he was a founding director and where he specialised in property sale and lease back investment products.

At RBS, McWilliam will be responsible for the further development of the primary bond business in Asia-Pacific. His role will include the coordination of the distribution of new issue products into the region as well as providing a focal point for RBS's origination efforts with Asian issuers.

McWilliam will report to Matt Carter, head of syndicate in London and locally to Trevor Vail. He will be based in Singapore.

McWilliam's career includes 17 years with Goldman Sachs where he was an executive director in the fixed-income division and also headed up GoldmanÆs UK corporate debt origination business. His experience at Goldman Sachs also included five years as syndicate manager for investment-grade debt.

"We are delighted that Paul has joined our team. His extensive experience in fixed income will bring immense value to our primary markets franchise," says Matt Carter at RBS.

"As we grow our origination and distribution business in Asia-Pacific, Paul's expertise will complement our ability to customise solutions for our clients as they have more sophisticated funding requirements in the region," says John Mullins, head of debt markets origination.

Indeed, RBS has been making a concerted effort to reinvigorate its Asia- Pacific global banking and markets footprint this year.

ôInvestment in Asia-Pacific is now a priority for us,ö says Johnny Cameron, the bank's CEO of corporate markets. ôWe continue to invest in our Asia Pacific activities across debt markets origination, trading, and distribution; structured products and structured capital markets in Japan, Australia and Greater China. The bank has added 185 new professionals in the region so far in 2006 across various asset classes: money, interest rate, credit and equity trading, sales, eCommerce, debt markets, structured products, corporate and institutional banking and risk management teams.ö