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Former RBS executive settles over unfair dismissal claims

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.