The Royal Bank of Scotland (RBS) has hired Revel Wood as CEO of RBS (Luxembourg) SA, its Luxembourg-domiciled management company and fund governance business.
RBS (Luxembourg) S.A. provides independent management company and fund governance services to investment funds and their managers from Luxembourg. Wood reports directly to Andy Wright, managing director of RBS Funds Services.
Wood said that the business was positioning itself for opportunities presented by the Alternative Investment Fund Managers Directive (AIFMD).
Wood joined RBS (Luxembourg) S.A. in January 2012 as director and COO with responsibility for the operational activities of the management company, including the portfolio risk management, technical fund compliance, fund accounting and transfer agency oversight teams.
Under his guidance, the Luxembourg firm completed the adoption of a new risk platform in 2013 to support its client base and the complexities of evolving investment fund regulation.
Wood moved to Luxembourg in 2009, taking up the role of deputy managing director at Northern Trust Management Company.
Prior to this he was global head of derivatives product at Northern Trust in London.
