Royal Bank of Scotland Group PLC finished arranging the senior management team for its US branch. The last person hired was the 18-year veteran from the Bank of America Corp. who will be responsible for the trades at foreign exchange and local markets in the North and South Americas.
This former employee of the Bank of America Corp. was Christiane Mandell who previously held a position of the global foreign-exchange group head. Mandell now became the head of the foreign exchange and local markets trading of the Royal Bank of Scotland Group PLC, it is the department purposed to increase the number of the Bank’s operations in this region.
Ms Mandell is subordinated to Symon Drake-Brockman, who is the head of the markets at the region as well as to Roger Hawes – the head of spot foreign-exchange trading in London and to Patrick Olsson the head of local markets in London.
According to the announcement of the Peter Nielsen the head of rates, local markets, currencies and commodities the experience and the respect Ms Mandell has acquired by working in the banking sphere will be quite important to the Royal Bank of Scotland Group PLC.
The increase of the senior management team of the Royal Bank of Scotland Group PLC was caused by the intention of the competitor – Barclays Capital to increase its staff in the Americas outlet by 16 percent throughout this year.