Peter Flavel exits JP Morgan to head Coutts

Asia wealth industry veteran Peter Flavel is leaving his role as deputy chief executive for Asia Pacific at JP Morgan Private Bank to become CEO of Coutts and Adam & Co, the private wealth arms of Royal Bank of Scotland. He will leave the UK bank at the end of this month and relocate to London from Singapore for the new post. The Australian's appointment comes at a time of significant change for Coutts, which is selling its international arm to Swiss group UBP. This reflects a…