Royal Bank of Scotland has appointed ex-Savills chief executive Aubrey Adams as head of property within its global restructuring group.
Adams, who ran the agent from 1991 until 2008, will take overall responsibility for the group’s global property portfolio in what is a new role at the bank. He will start on 1 November.
His responsibilities will include West Register, RBS’s vehicle, which buys and manages distressed property.
In July, the bank strengthened the team by poaching Helen Gordon from Legal & General to head West Register. Gordon will report to Adams.
RBS’s GRG division, led by Derek Sachs, steps in to manage corporate customers when their businesses are showing signs of financial stress.
Sachs said that Adams’ wide-ranging property experience “will be a great asset”.
He added: “He is highly regarded in the property industry and his appointment will greatly help to maximise the value of the bank’s distressed assets.”
Adams is currently a non-executive director at British Land and Max Property Group, and he will continue in these roles.
