RBS appoints ex-Savills CEO as head of property

The Royal Bank of Scotland (RBS) has appointed ex-Savills CEO Aubrey Adams as head of property within its Global Restructuring Group (GRG). Adams will have overall responsibility for GRG's global property portfolio in this new role and will start on November 1, 2011.

Adams held the position of CEO at Savills from 1991 until 2008, and oversaw the firm's development into a global property advisory business. He has since held a number of non executive directorships and is currently non executive director at UK REIT British Land and Max Property Group. He will continue in these roles.

His responsibilities will include West Register, RBS's vehicle which acquires property from financially distressed situations and creates value with a view to exiting. Helen Gordon, recently appointed as head of West Register, will report to Adams.

RBS's GRG division steps in to manage corporate customers when their businesses are showing signs of financial stress. In 2010, GRG successfully restructured around 950 UK businesses.