The Royal Bank of Scotland (RBS) has relocated one of its senior staff to the recently vacated position of chief operating officer (COO) for Asia-Pacific. Based in the bankÆs Hong Kong offices, Mike Kirby will take on the role within in its global banking and markets business with immediate effect.

Kirby replaces former COO for Asia-Pacific Richard Laton, who has decided to retire from finance industry. Laton worked for RBS for 12 years and in the financial industry for over 20 years.

In his new Hong Kong-based position, Kirby will split his reporting duty. Locally, he will report to John McCormick, chief executive, global banking and markets, Asia-Pacific and globally, his reporting line will be to John Hourican, chief operating officer, global banking and markets.

He transfers from the firmÆs London offices where he was its chief operating officer for Europe. Outside of RBS, Kirby worked for both US and European investment banks in New York and London.