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After holding together through the worst of the sub-prime crisis, the wheels now appear to be falling off at Royal Bank of Scotland. The bank’s foreign exchange sales team has suffered a wave of senior departures since the resignation of Brad Leek, its global head of financial institutional FX sales, around the end of October. Following him out are Nick Greenland, global head of FX risk advisory, who is off to Credit Suisse; Stefano Lupi, head of FX investor sales, who is poised to join Santander; and Mathijs Peeters, who ran FX and fixed-income sales in the Netherlands and is believed to be joining Nomura.
