The Royal Bank of Scotland (RBS) has signalled its intention to grow its Asian and Australian equities businesses with a raft of new hires across electronic trading, sales and research.
New appointments to the bank’s Asian equities team include: Luke Pisano, director, equity execution services, Asia; Darwin Lam, head of regional insurance research; Rohit Salgaocar, senior regional sales trader; Daniel O’Shea, head of equity sales, Taiwan; Garett Lim, senior regional sales account manager; and Kevin Chang, head of equity derivatives strategy.
Pisano, previously responsible for program trading at Macquarie Bank and JP Morgan, will report to Andrew Freyre-Sanders, head of execution services, Asia and global head of client electronic execution.
“We are committed to recruiting the right talent to offer our clients a leading set of products from a truly broad and integrated equities platform across, research, distribution, equity capital markets, derivatives, financing, and electronic trading,” said Peter Irvine, RBS’s head of equities for Asia-Pacific. “These hires clearly showcase the commitment we have to Asia, and are part of an integrated strategy to increase the scale of our equities business in the region.”
RBS has also appointed David Goffage as head of equity capital markets, Australia, replacing Patrick Broughton, who relocates to London as head of
ECM, EMEA and US. RBS’s Australian equities team has also appointed Richard Hitchens as director, specialist quantitative sales, Roger Spellman as head of sales and Mark Tisdell as investor product sales specialist.
“These appointments clearly demonstrate our commitment to the Australian market and hiring the right people means that we can offer our clients a leading set of products both locally, and through leveraging the global RBS equities platform,” said Stephen Williams, country executive, RBS Australia.
RBS’s Australian equities team led the country’s two largest rights issues to date this year, by Wesfarmers (AUD4.6bln) and Rio Tinto (AUD4.2bln).