The Royal Bank of Scotland Financial Markets has appointed
Ignacio Alvarez-Carlon as Head of Capital Markets Sales for Iberia and
Luis Toroba-Lopez who will also join the Iberian sales team. Together with
Carlos Cobiella, who joined the bank in 2001, all three members of the team will
be based in London, although Ignacio and Luis are expected to relocate in due
course to Madrid to build the bank’s distribution franchise in the region.
Ignacio and Luis will both take up their full
responsibilities once registration has been completed with the FSA and the team
will report to Iain Wright, Head of Capital Markets Sales.
Ignacio was previously a partner of FG, at that time the
largest independent Iberian brokerage firm, before joining Merrill Lynch, where
he was Head of Debt Capital Market Sales to Spanish and Portuguese institutional
investors, based in Madrid. Luis worked with Ignacio throughout this period.
Commenting on the appointment Iain Wright, Head of Capital
Markets Sales. said: "Ignacio and Luis bring a lot of experience and a
significant track record in the Iberian market. I am delighted that they have
decided to join us. Their appointments and others we expect to announce in
coming weeks signal our commitment to building a quality distribution platform
in Europe."
Notes to Editors:
The Royal Bank of Scotland has operations spanning
clearing banking, investment banking, financial services, investment management
and insurance, both in the UK and overseas. Following the acquisition of
NatWest, The Royal Bank's Treasury & Capital Markets division, NatWest Global
Financial Markets and the UK based Greenwich NatWest have been combined to
create The Royal Bank of Scotland, Financial Markets. The combined entity
provides specialist services in global foreign exchange, currency and structured
derivatives, money markets, together with a wide range of interest rate
management services to The Royal Bank of Scotland and NatWest international
corporate and institutional client base.
Capital markets is a division of Financial Markets and
focuses on the origination, trading and research coverage of debt securities
across a range of asset classes, industry sectors, maturities and currencies
along the full credit spectrum, from government securities to high yield bonds.
Core products of the division include new issues of fixed, floating rate and
index-linked Sterling, Euro and dollar-denominated debt securities for
corporates and financial institutions, asset securitisations, private placements
and a range of other structured debt products.
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