RBS recruits Tokyo prop forex trader

UK-based Royal Bank of Scotland (RBS) has recruited Luke Waddington as a proprietary foreign exchange trader to work in its Tokyo office.

Waddington joins the bank from HSBC, where he spent seven years, first in the UK and later in Japan, developing the growth of the Asian currency domestic customer business.

Reporting to Kosuke Hanao, head of foreign exchange trading and sales in Japan, and Chris de la Hoyde, head of foreign exchange in Asia-Pacific, Waddington’s role will primarily focus on trading Asian currencies. He will also support the international and domestic sales force with real-time trading information and strategies, said RBS. The bank added that it hopes this will increase the flow of Asian currency business in Tokyo.