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People move: RBS appoints global head of FX

RBS has promoted Mark Barnes to the new role of global head of FX in its banking and markets division. Barnes first joined the old NatWest in October 1994, although he briefly worked elsewhere at the turn of this decade.

His promotion unites the bank’s flow spot and currency options businesses and aligns its sales, structuring and trading teams. Barnes, who will also continue as global head of currency options – a role he assumed in May 2008 – reports directly to Peter Nielsen, RBS’ global head of markets; he will continue to report to Peter Rading, the bank’s global head of interest rate and currency options and hybrids for the bank’s options business. Roger Hawes remains the bank’s global head of spot FX and will report directly to Barnes.

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