Equity structured products head leaves RBS

Head of equity derivatives structuring in the Americas departing for personal reasons

Moritz Seibert, RBS

Moritz Seibert, New York-based head of equity derivatives structuring at Royal Bank of Scotland (RBS) in the Americas, has resigned.

Sources say the move, which occurred around two weeks ago, was due to personal reasons. Seibert previously reported to Miles Hunt, New York-based head of global structuring in the Americas, and Robert Hammer, New York-based head of equities and structured retail in the Americas, as well as Shane Edwards, Hong Kong-based global head of equity derivatives structuring and custom indexes.

Seibert has no direct replacement and his former team will now report directly to Hammer, according to sources at the firm.

Before moving to the US, Seibert served as head of exotic equity pricing at RBS in London. In addition to RBS, he has worked in structured equity and hybrid derivatives at HVB Corporates & Markets, HSBC Trinkaus & Burkhardt and Sal Oppenheim in Germany.

Seibert has previously discussed a broad range of topics with Risk, including dividend swaps, variance swaps, skew and the risk management of residual exotic equity risk.

RBS declined to comment on the move.