SF market round up: Cumming to America

William Cumming, former European head of Citi’s global special situations group (GSSG), is on the move again. He has quit Citi for rival RBS, joining the UK bank’s private equity division in New York. Cumming moved to Citi’s GSSM just over a year ago in April 2006. Before that he had been co-head of the bank’s European securitization business with David Basra since 2004. In his new role Cumming will be working alongside Lindsay McMurray, who rejoined RBS in October 2005 after quitting the bank in April 2004 to join Drawbridge Capital, sister company of Fortress Investments. During her time away from RBS she also spent a few months at Merrill Lynch.