(Adds bank comment in third paragraph.)
By Jon Menon
July 5 (Bloomberg) -- Royal Bank of Scotland Group Plc said Chief Markets Strategist Bob Janjuah and Chief Markets Economist Kevin Gaynor have left the bank.
RBS will continue to provide research with its team of strategists based in London, the Asia Pacific region and the U.S., the Edinburgh-based bank said today in a statement. Global economic research will be led by Chief European Economist Jacques Cailloux.
“We have a strong research franchise that we will continue to grow,” said RBS in the statement.
In May, the government-owned bank’s Chief Executive Officer Stephen Hester said that 2010 will be the final year it suffers a “damaging” loss of employees as people leave to join other banks. The bank received a 45.5 billion-pound ($69 billion) state bailout after it posted a record loss in 2008.
Janjuah and Gaynor weren’t immediately available to comment.
--With assistance from Alexis Xydias in London. Editors: Francis Harris
To contact the editor responsible for this story: Jon Menon at jmenon1@bloomberg.net
