RBS appoints former Dresdner derivatives head

Mazzocchi will head the bank’s structured derivatives products group, taking responsibility for structured and exotic products within debt markets. He will be based in London and will report to head of debt markets Symon Drake-Brockman, starting in May.

Mazzocchi’s previous London-based role at Dresdner Bank was filled by Mark Richardson in November (see also: Dresdner Kleinwort names new head of equity and credit derivatives).

Mazzocchi’s appointment at RBS sees incumbent Ian Gaskell move to a senior risk management role in the US, where he will also be working on new business initiatives. He will report to Jay Levine, chief executive of RBS Global Banking and Markets, and to Riccardo Rebonato, the division’s head of risk management.

Elsewhere, London-based head of inflation, Charlie Harris, is taking a six-month sabbatical. In the interim, he will be replaced by new co-heads of inflation, Christian Alibert and Chris Thomas.