The Royal Bank of Scotland has appointed James Pearson as head of FX spot trading based in London. Pearson started this week and reports to Tim Carrington, global head of FX.
Pearson joins the bank from Nomura where he was global head of spot FX trading and emerging markets FX trading for Europe, Middle East and Africa. Prior to joining Nomura in 2008, he spent five years with Lehman Brothers where he was global head of G10 FX spot trading and head of emerging markets FX trading, EMEA.
Carrington says, “James has an established industry presence and brings a solid roster of client relationships to the team. In managing our FX spot trading, he will be helping to drive our client-focused business to complement our market-leading risk management capabilities.”
Carrington has been strengthening RBS’s FX business with key hires since he joined the bank in September 2010. Last week he said he had hired Ed Mount to focus on providing technology based trading products across FX spot and options, including high frequency and algorithmic trading.
Earlier this month, RBS announced that Mark Barnes is returning to the bank in October to take on the role of global head of client macro trading, a newly created business (Squawkbox, 15 August). Both Mount and Barnes will report to Carrington.