The Royal Bank of Scotland is transferring senior credit staff in Asia to its newly-minted Singapore desk. The plan is to place traders closer to marketing staff as part of the firm's build-out in the region, according to RBS officials. Trevor Vail, Asia-Pacific head of credit trading and structuring, and Rohan Thakrar, senior credit trader, are both in the process of relocating from Tokyo to Singapore to kick start the desk this week. The duo are joined by Mark Sewell, head of illiquid credit trading for Asia, who started last week after joining from UBS in Sydney (DW, 5/12).
RBS has been looking to rise up the Asian fixed-income ranks and has made over 50 hires for sales, structuring and trading roles in the last year. These have been primarily in Tokyo and Hong Kong, with Singapore the next stop.
