The Royal Bank of Scotland has named a new head of financial institutions sales for Asia, excluding Japan, and made two new senior hires in its financial institutions team in India, a direct move to drive products sales to banks, insurers and other firms in the region.

Manish Mahajan, formerly managing director and head of rates sales and strategic solutions for Asia at Deutsche Bank in Singapore, will manage sales of core and emerging market products across flow and structured credit, foreign exchange and rates.