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RBS Hires Prop Trader in Tokyo

Luke Waddington has joined the Royal Bank of Scotland as a proprietary FX trader. Based in Tokyo, the bank says his role will involve strategic trading with a focus on Asian currencies. He will report to Kosuke Hanao, head of FX trading and sales in Japan, as well as Chris de la Hoyde, head of FX for Asia Pacific, who joined last autumn from Standard Chartered.

He will also support the international and domestic sales force with trading information and strategies, and will look to create a larger flow of Asian currency information with a view to increasing the flow of Asia currency business locally, officials say.

Waddington joins from HSBC where he spent seven years, initially in the UK but latterly in Japan. He promoted, developed and supported the growth of the Asian currency domestic customer business, RBS says.

According to the bank, the primary focus of its Tokyo operation is to provide domestic franchise pricing and order watch services in Usd/Jpy, a franchise it intends to grow through global business flows, research and FX initiatives.

Meanwhile, Pinder Grewal will also join the bank in London as a customer relationship manager in the e-commerce division on May 4, the bank confirms. He will report to Martyn Ranns, head of FX e-distribution and ultimately to Tom Roche, global head of agency treasury services.

Grewal previously worked as a product manager at Reuters in London.

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