KK Ho appeared out of nowhere last year on the Royal Bank ofScotland Group Plc's London trading floor.

He had freshly printed business cards identifying himself as abond salesman. He met with customers and impressed executives ininternal meetings with his talk about rich clients he knew,according to two people familiar with the matter.

Then, just as suddenly, he was out the door several months laterafter bank managers began asking questions about him, questionsthat led to the realization that he wasn't a bond salesman afterall, the people said.

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