Sources have told theTRADEnews.com that RBS’ global head of futures and options is set to leave the UK state-owned bank.
Jeremy Wright, who was previously COO of RBS’ markets division prior to taking on the derivatives role, will leave in the next month according to the sources.
Wright was tasked with reviewing RBS’ derivatives business just over two years ago as part of the bank’s efforts to capitalise on global OTC derivatives reform.
He hired a new sales and execution team, which included Jeremy Smart as global head of electronic distribution and Brian Daly as head of listed futures and options sales.
RBS has also overhauled its derivatives trading system, including a new front-end execution platform for clients and in-house traders developed jointly with trading technology vendor SunGard.
RBS declined to comment on the news.