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RBS merges structured credit desks in Asia

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Royal Bank of Scotland has combined its Asian collateralised debt obligation and collateralised loan obligation business with the mortgage-backed/asset-backed securities (MBS/ABS) product business under Byron Holmes, Tokyo-based head of Asia-Pacific MBS and ABS.

The move follows the December departure of Chris Hodgeman, Hong Kong-based head of structured credit and alternatives for the Asia-Pacific region. The bank does not plan to replace Hodgeman. Previously in the same position at ABN Amro in

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