Royal Bank of Scotland in London has hired Craig King, salesman in the rates business at Citigroup in London, as a senior salesman in the rates liquid products team to cover hedge funds. He reports to Paul Gilbert, head of rates liquid products sales.
RBS is not building out coverage of hedge funds specifically, according to James Kneller, business manager for the rates group. Rather, the firm is looking to increase its presence with financial institution clients across the board. He said the bank will announce a few more hires in the coming months to bolster coverage of central banks, insurance companies and traditional asset managers.
At Citigroup, King reported to Zoeb Sachee, head of rate sales. Sachee did not return calls by press time.