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RBS Structured Credit Sales Loses, Gains One

10 May 2006

Robert Burns, director and head of collateralized debt obligation distribution to Europe at The Royal Bank of Scotland in London, has quit the firm. He declined comment when reached on his cell, but market buzz has connected him with a similar role at a rival firm. At RBS, he reported to Al Sinsheimer head of capital markets credit sales.

Separately, Sinsheimer has hired Ulrich Neuhaus, a credit salesman at Dresdner Kleinwort Wasserstein in London, to head structured credit sales to German and Austrian banks. Neuhaus could not be contacted, but Sean Gamble, spokesman, confirmed he will start in July. Sinsheimer did not respond to a phone message about either move.

Rowan Staines, spokeswoman at Dresdner, said Neuhaus' role has been filled, but to declined to say if it was an internal or new hire.
10 May 2006