Dahinden, Mazzocchi, Silvotti leave RBS

Three senior structured credit bankers have left Royal Bank of Scotland (RBS) in London, not long after two of them joined the firm from Dresdner Kleinwort.

Matteo Mazzocchi became head of the bank’s structured derivatives products group in April, taking responsibility for structured and exotic products within debt markets. He was formerly global head of equity and credit derivatives at Dresdner.

Roberto Silvotti, previously head of multi-asset derivatives structuring at the German bank, also joined RBS in September, as joint head of exotic credit derivatives.

He worked alongside RBS’s structured credit head Vincent Dahinden, with both Silvotti and Dahinden reporting to Mazzocchi. Silvotti was responsible for trading and structuring synthetic products and index strategies, while Dahinden headed cash collateralised debt obligations, principal investments and structured client solutions.

All three are now understood to have departed the firm. RBS declined to comment.

See also: Silvotti joins RBS
RBS appoints former Dresdner derivatives head
Dresdner Kleinwort names new head of equity and credit derivatives
RBS nabs securitisation head from Merrill Lynch