The Royal Bank of Scotland has hired Matthew Reader, executive director responsible for credit correlation at UBS in London, as global head of correlation trading in London. He fills the hole left by Sanjeev Gupta, co-head of global credit trading and head of correlation trading (DW, 1/20).
Reader, who could not be reached, will report to Vincent Dahinden, head of structured products and the equity products group in London. Both Dahinden and Sean Gamble, spokesman, did not return a message by press time.
Reader joined UBS in 2003 and prior to this worked in interest rates at Lehman Brothers in London. Sarah Small, spokeswoman at UBS, did not immediately return a call about the departure, but an official familiar with the situation said he resigned yesterday.
