NatWest Shifts Wealth Operations From Switzerland to Cut Costs
NatWest Group Plc has begun shifting wealth management operations from Switzerland to the UK as Chief Executive Officer Paul Thwaite has sought to whittle away costs across the lender.
The firm has also begun moving other roles to lower cost locations like India, Thwaite said Thursday at an investor conference hosted by Goldman Sachs Group Inc. NatWest remains confident it will be able to keep a lid on expenses this year, even as wage inflation drives costs up, he said.
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