RBS hires new head of prime services

The Royal Bank of Scotland (RBS) has appointed Jeffrey Howard as head of prime services for the Americas, based in Stamford, Connecticut.

He will be responsible for futures and options, prime brokerage, OTC derivatives client clearing, futures DMA sales and mandate sales.

Howard previously worked at Bank of America/Merrill Lynch as the head of futures execution sales for the Americas, within the global futures and derivatives clearing services group.

Alongside Howard, RBS has also appointed Garry O’Connor as head of OTC client clearing for the Americas, also based in Stamford.

O’Connor, will report to Howard and Ramasamy Venkatesh, global head of prime brokerage and OTC client clearing. Prior to this appointment he served as CEO of the International Derivatives Clearing Group.

Fabian Shey, global head of prime services and client execution at RBS, said: “We are pleased to welcome Howard and O’Connor to our team. Their depth of industry experience and knowledge underscores our commitment to help our clients meet the demands of today’s evolving regulatory environment and market structure.”

“As we continue to make significant strategic investments in people and our platform, the prime services and client execution business is forging deeper relationship with clients to grow RBS’s franchise.”