14 January 2010
Former RBS executive settles over unfair dismissal claims
A settlement has been reached between a former banking executive and his ex-employer over claims of unfair dismissal.
Hours before a tribunal was due to start, Symon Drake-Brockman came to a compensation agreement with the Royal Bank of Scotland (RBS), the Financial Times reports.
Details of the deal have not been made public, but the bank said in a statement: "The matter is now resolved and a satisfactory agreement has been reached by all parties."
The tribunal had been scheduled to take place on Tuesday.
Mr Drake-Brockman was part of the corporate banking division at the organisation, which claims to have more than 40 million customers worldwide.
During his time with the firm, he had held a number of positions, including chief executive of RBS global banking and markets in the Americas and chief executive of RBS Greenwich Capital.
He currently has a role as a non-executive director at Australian firm Nexus Energy.