Global foreign exchange head leaves RBS

David White, global head of foreign exchange at Royal Bank of Scotland (RBS) in London left the bank on September 5, according a spokesperson for the bank in London. The spokesperson declined to comment on White's sudden departure after many years at the bank.

White became head of foreign exchange for the UK, Europe and the United States in 2001, having joined RBS as European foreign exchange head from NatWest, which RBS acquired in 2000. He was head of spot foreign exchange at NatWest.

Roger Hawes, chief foreign exchange dealer in London, replaces White on an interim basis and Mark Warburton replaces Hawes as senior forex trader in London, focusing on yen flows. He joined the bank from AIG, where he was also chief FX dealer.

A further two spot traders, Steve Henderson and Julian Smith are also thought to have left the bank, although the spokesperson declined to comment.

In a separate move, Chris de la Hoyde joined RBS as head of Asian forex trading in Hong Kong. He reports jointly to Hawes and Lawrence Lam, regional head of corporate banking and financial markets, greater China and Korea.