Chris de Sibert has been appointed as a director at NatWest Markets in London.
Profit & Loss understands that de Sibert will be operating in an institutional FX sales role, focusing particularly on French-speaking asset managers and bank ALM desks.
He joins the bank after only a brief, five-month stint with R5FX, where he was global head of business development.
Prior to that, de Sibert spent over eight years at HSBC, where he was a managing director in the bank’s FX and commodities sales division.
Marcus Butt, global head of FX prime services and futures at NatWest Markets, talks about how the bank is developing its FX Prime Brokerage offering in response to changing client needs.
Profit & Loss: So what are you doing on the FXPB side of your e-FX platform that you think differentiates your offering right now?
Marcus Butt: What we're doing on the platform that is unique is really a reflection of what we’re doing in the business. Part of this is that we’ve introduced a number of new prime brokerage models to accommodate the diversification of our client base.
Ian Daniels has left his position as director, head of e-FX sales, EMEA, at NatWest Markets.
In this role he had been responsible for the distribution of the NatWest Markets electronic offering to financial institutions and corporates across the EMEA region.
Daniels joined NatWest in in 1998 and held a variety of roles within the bank’s FX business, joining the e-commerce team in 2006.
Profit & Loss understands that Daniel's departure is a result of a broader restructuring at the bank, his next destination is not known at this point in time.