RBC Capital Markets has named Ian Hale as head of European inflation trading, while Callum Maitland has been appointed to a new dual-mandate as head of structured inflation and cross-currency basis trading.
Both are set to report to Ed Russell, head of flow rates trading, Europe in their new roles.
London-based Hale is set to focus primarily on GBP, including RBC’s gilt-edged market maker (GEMM) activities in index-linked gilts (Linkers), GBP inflation swaps, and other derivatives. His mandate also includes exploring growth opportunities in EUR.
His appointment is set to enhance the firm’s European rates platform and spur its commitment to inflation as a “critical asset class”.
Hale was most recently head of GBP rates trading at UBS, and has also previously served in similar positions at RBC and Citi.
In his new role, Maitland will also be based out of London. He has been with RBC since 2022 and in the new role will focus on bolstering the offerings and growing RBC’s bespoke solutions and management of complex or higher-order inflation risks.
Previously in his career, Maitland was head of inflation trading at Lloyds Banking Group for seven years.
“These appointments reflect the strength of our team and our commitment to investing in talent and expertise to support our clients and drive further growth in our Flow Rates business,” said Russell.
“Ian’s extensive background in inflation and rates trading, combined with Callum’s deep experience and technical expertise, will ensure we continue to deliver exceptional outcomes for our clients and build on existing momentum in this important area.”