THE Royal Bank of Scotland plc has hired Colin Holdstock and Glen Goh to head its Asia-Pacific markets business, both based in Singapore, it said on Tuesday.
Mr Holdstock joins as managing director and has an expanded portfolio as the Asia-Pacific head of cash and non-deliverable forwards (NDF), emerging markets short-term interest rate trading (STIRT) and currency options trading. Mr Goh joins as managing director, head of NDF and STIRT, and reports to Mr Holdstock.
Mr Holdstock joins RBS from Nomura, where he had been the head of FX Options for Asia ex-Japan since 2010.
He has been in the markets trading business for over 20 years, with a significant portion in Asia where he has held a variety of roles covering both G-10 and emerging markets option businesses, RBS said.
Mr Goh joins RBS also with more than 20 years of experience with a focus in trading Asian currency NDF and managing global teams across Singapore, Hong Kong, London and New York.
He was most recently deputy global head of Asian FX and global head of Asian NDF at Standard Chartered in Singapore.
Ramit Bhasin, RBS head of trading, Asia-Pacific ex-Japan said the appointments of Mr Holdstock and Mr Goh highlight RBS's commitment to strengthen and grow their corporate and institutional FX business in the region.
"Both bring with them well-established client relationships, a wealth of knowledge and significant expertise, which will provide additional leadership to bolster our existing team of traders and analysts," he said.