RBS expands global derivatives team

The Royal Bank of Scotland has made several new appointments within its derivatives trading and marketing business.

Steve Ashley is set to join the bank in August as head of London delta trading, having spent the last eight years at UBS, recently as head of European government bond trading. Ashley will be responsible for managing RBS’s forward foreign exchange, interest rate and bond business, and will report to Ian Gaskell, global head of rates.

Also, Paco Canos will join in June as head of Iberian rates and foreign exchange sales for Spain and Portugal. Paco moves from Citibank, where he spent 10 years, latterly as head of Iberian sales of corporate derivatives. He reports to Chris Webster, global head of large corporate rates distribution.

Also joining RBS in June is Pierre Gourmet, who joins from French bank Société Générale, where he was head of foreign exchange and rates structuring. He will be a senior structurer at RBS and will report to Andrew Walker, head of rates structuring.

Meanwhile, Sean Maloney is also set to join the bank in June from the Reserve Bank of Australia, where he worked for nine years, most recently as a portfolio manager. He will join as a liquid products salesperson reporting to Paul Gilbert, head of UK and European rates, liquid product sales.

The latest appointments follow the appointment of Sangjoon Kim in May as head of rates trading in Tokyo. Kim was previously head of options at RBS Securities Japan, and had also worked for JP Morgan Chase in Tokyo. “Since the creation of the RBS rates unit in 2003, bringing together the interest rate derivatives and bond businesses, our offering is continuing to reach an ever more diversified client base. These appointments are as a consequence of this growth,” said Gaskell.