Taro Goto, a senior credit-default swap trader at The Royal Bank of Scotland in London, has quit after nine months at the firm. An insider confirmed he has taken a new position at another credit house, but his destination could not immediately be determined. Goto declined comment when reached on his cell.
Goto reported to Stewart Booth, head of credit trading, who was off the desk and could not be reached for immediate comment. He was responsible for industrial, retail and consumer corporate trading and before RBS was at Morgan Stanley for eight years (DW, 8/5). Sean Gamble, RBS spokesman, said he has not yet been replaced.