RBS makes four hires for Asia-Pacific rates and currency

Royal Bank of Scotland (RBS) has made four senior additions to its rates and currency trading and structuring teams in the Asia-Pacific region.

Rubin Rajendram joins as head of euro and US dollar rates exotics trading, and Richard Summerbell as head of currency structuring for Asia ex-Japan. Scott Cousins joins as a senior foreign exchange dealer and Ian Emmett as proprietary trader.

Rajendram arrives from Credit Suisse, where he was an exotic interest rate and foreign exchange derivatives trader. He was responsible for pricing, hedging and structuring all developed markets interest rate exotic derivatives transactions in Asia-Pacific.

In this new role, Rajendram will focus on developing RBS’s euro and US dollar exotic rates business in the Asia-Pacific region. Based in Hong Kong, he will work closely with RBS’s global team to ensure a consistent trading methodology and efficient product deliveries are developed.

Summerbell was previously with Barclays Capital and managed its foreign exchange trading platform. He will be based in Singapore at RBS.

Both Rajendram and Summerbell will report to Emlyn Chow, regional head of currency and rates options and exotics for Asia-Pacific.

Cousins was previously with Merrill Lynch, where he held the position of head of G-10 spot trading. Before joining RBS, Emmett was a Singapore-based portfolio manager with hedge fund London Diversified Fund Management. He was responsible for all aspects of the Asian micro portfolio. Both will be based in Singapore in their new roles and will report to Chris de la Hoyde, head of foreign exchange trading, Asia-Pacific.

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