The Royal Bank of Scotland Group (RBS) has named Brian Crowe group treasurer and managing director, financial markets. In this capacity, Crowe will oversee the RBS Treasury and Capital Markets group, Greenwich NatWest in London and NatWest GFM.
“In his new role, Brian will concentrate on growing the breadth and depth of financial markets’ activities in the debt capital markets, and building on the combined strengths as market leader in foreign exchange, interest rate and currency derivatives,” says a bank statement.
Crowe joined the bank in 1997 as group treasurer and director of treasury and capital markets, and was appointed a director of the UK bank in July 1998. He spent the 14 years previously with Chase Manhattan Bank where he held a number of senior derivatives risk management roles. While in New York, he managed the US dollar derivatives trading activity until he returned to London as European Treasurer and Europe interest rate risk management executive. He later assumed responsibility for Chase’s derivatives business in Asia, and was also global derivatives risk executive.
Following the Chase/Chemical merger in 1996, Crowe became the market risk executive for Europe and Asia, covering all Global Markets activities, including FX, capital markets, commodities, emerging markets and international treasury.
Crowe was elected to the Board of the International Swaps and Derivatives Association (ISDA) in March 1994-1997, and he co-chaired the Disclosure and Accounting Committee while serving on ISDA’s Risk Management Committee. He was also involved in ISDA’s EMU Task Forces, chairing the group examining accounting, tax and capital issues, and serving on the Market Practice group.
In addition to Crowe’s appointment, John Cameron has been named deputy chief executive and head of corporate banking, as well as chair of the Integration Steering Committee, which is responsible for directing the integration activity across Corporate Banking and Treasury. Cameron was previously managing director of corporate and institutional banking at RBS.
Cameron joined the bank as managing director of Corporate and Institutional Banking in mid-1998 and was responsible for delivering the bank’s total corporate banking product range – from relationship lending and structured financing to treasury products and capital markets solutions.
Cameron spent the 10 years previously with Dresdner Kleinwort Benson, where he was a member of the Management Board and co-head of the Global Finance division, a role in which he oversaw domestic and international financing activities for Dresdner Bank’s investment banking businesses.
“These are key appointments in our Corporate Banking and Treasury businesses,” says Iain Robertson, chief executive of Corporate Banking and Treasury. “Together Johnny Cameron and Brian Crowe have built very successful wholesale banking businesses at The Royal Bank of Scotland. Their focus on customers and reading of markets makes them excellent choices as we move to build the largest corporate bank in Britain and Europe’s leading corporate bank.”