RBS investor products group faces cuts in merger with non-linear trading

Royal Bank of Scotland
Mixing investor products & equity derivatives with non-linear trading

Royal Bank of Scotland (RBS) is embarking on further cuts to its investor product and equity derivatives (IPED) unit, following the creation of employee consultation bodies for the UK and Europe, the Middle East and Africa in January 2012 and in 2011 respectively.

RBS expressed its commitment to the IPED team in an internal memo from Peter Nielsen, chief executive of markets, on September 28, but the unit will be integrated with the non-linear trading group. The linear trading group includes all

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