Banned RBS director sets up advice firm

first_imgSunday 15 August 2010 10:56 pm Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldUndoBetterBe20 Stunning Female AthletesBetterBeUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite HeraldUndoTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading BlvdUndo Banned RBS director sets up advice firm KCS-content whatsapp Sharecenter_img whatsapp A FORMER RBS director and right hand man of Sir Fred Goodwin has set up his own business advisory firm, following his agreement with the Financial Services Authority (FSA) never to return to banking. Johnny Cameron registered Caps Advisory as a business on 19 July, two months after he agreed not to perform any “significant influence function” at a City firm or work full-time in financial services. The FSA said in May it would permit Cameron to take up part-time consultancy work, provided it does not include financial services activities. Cameron would not say whether the watchdog included this caveat with his new business in mind. He said he intended to use his experience of the financial world to advise business heads and board members, but stressed his work is not connected to financial services. “I’m not planning to return to the City at all, and I don’t want to fan the flames of interest. It’s just a tiny bit of consultancy work that I hope to do,” he told City A.M. yesterday. He said he has lined up the firm’s first client for September, but declined to provide further details. He admitted in May that, as an RBS director, he takes “a share of responsibility” for the near-collapse in 2008, and said he would not seek another managerial role in the industry. He headed the RBS investment banking division from 2001 until the bank’s government bailout seven years later. The FSA did not find that Cameron made any regulatory breaches, and he did not admit any impropriety. However, the watchdog said at the time: “On the basis of the information available to it, the FSA believes that Cameron would not meet its current standards for approval for a significant influence function.”Since leaving RBS in January 2009, Cameron has attempted several returns to the City. The watchdog blocked his efforts to take up a role at advisory firm Greenhill while its investigation was ongoing. He left headhunter Odgers Berndtson after UK Financial Investments, which manages the government’s 83 per cent stake in RBS, withdrew a lucrative contract it held with the firm. Show Comments ▼ More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comKiller drone ‘hunted down a human target’ without being told‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comWhy people are finding dryer sheets in their mailboxesnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comUK teen died on school trip after teachers allegedly refused her Tags: NULLlast_img read more