Bass left StanChart in May 2008 where he was head of commodities and, before that, global head of rates and foreign exchange. Prior to joining RBC Capital Markets, he managed a private investment portfolio. He has also worked at HVB and Rabobank in Asia.
Additionally, RBC Capital Markets appointed Mark Otis Zownir as head of US dollar rates trading for Asia. He joins from Citigroup in Tokyo, where he was head of yen rates trading. Both will be based in Hong Kong.
Traditionally, RBC Capital Markets’ strengths lie in fixed income, foreign exchange and commodities. The firm has hired aggressively, adding 320 staff globally in the last 12 months alone to raise its overall headcount above 3,000.
In Asia, the firm appointed Stefanie Holtze and Chris Tam as directors in its fixed income and currencies business in Hong Kong and Minako Endo as head of institutional fixed income sales in Tokyo.
“As we move into the next phase of our global expansion, Asia offers tremendous growth opportunities,” said Harry Samuel, RBC Capital Markets’ co-head of fixed income and currencies and regional head of global markets, in a statement.
“Hong Kong, Singapore and Tokyo are crucial locations for our fixed income and currencies product build-out.”
Jonathan Hunter, the firm's co-head of fixed income and currencies, added: “With a particular emphasis on our US dollar product, these senior hires will be instrumental in developing our strategy in Asia.
“Hong Kong is the main trading hub for our US primary dealership in Asia and is now our principal platform for emerging markets sales and trading.”