STAMFORD, Conn.--(BUSINESS WIRE)--The Royal Bank of Scotland plc (RBS) today announced that it has hired three senior salespeople for the Foreign Exchange Sales team within its Global Banking and Markets (GBM) Americas division in order to further strengthen the firm’s regional foreign exchange coverage. Dennis Holman will join as a Managing Director in Foreign Exchange (FX) Sales, reporting to Craig Donaldson, Head of Financial Institutions Foreign Exchange and Prime Brokerage Sales for North America. Chad Smith will join the firm as a Managing Director, also in Foreign Exchange Sales, reporting jointly to Stefano Lupi, Global Head of FX Bank Sales and Mr. Donaldson. Mehdi Alloula has joined the firm as a Managing Director, reporting jointly to Nick Greenland, Head of Global Financial Institutions Risk Advisory and Mr. Donaldson. All three will be based in RBS’ Americas headquarters in Stamford, CT.
“These hires bring enormous breadth and depth of experience to our foreign exchange business in the Americas,” said Mr. Donaldson. “With clients’ risk appetites and focus changing constantly in response to global macroeconomic conditions, we are adding to our key sectors so that we can provide the highest level of service, research, execution and risk advisory to our clients in the region.”
Mr. Holman will be responsible for expanding the firm’s FX sales platform to existing and prospective “Real Money” institutional clients. Mr. Holman has had a 27-year career in FX and will join the firm from Wells Fargo Bank, where he was Head of Real Money Sales, responsible for establishing a sales desk to cover institutional money managers. Previously, he held senior positions at HSBC Bank, BNP Paribas and State Street Bank, among others.
Mr. Alloula is responsible for delivering Risk Advisory solutions to RBS’ bank, insurance companies and investor clients in the Americas. He was most recently with the investment banking division of Citigroup in London, working within the Issuer Solutions Group, where he focused on strategic FX, structured funding and rates opportunities for clients in Europe. From 2000 to 2007 he was with Merrill Lynch in London within the Strategic Solutions Group and prior to that within the Global Foreign Exchange Group.
Mr. Smith will join the firm from UBS Investment Bank where he was a Director in Foreign Exchange Sales, responsible for managing foreign exchange relationships with a large number of the firm’s key clients. At RBS he will add to the firm’s foreign exchange coverage of bank clients in the Americas. Previously, Mr. Smith was at Lehman Brothers in FX Sales from 2002 to 2006. Prior to that, he was a Lieutenant in the U.S. Navy.
RBS recently won fourth place globally in the Euromoney FX Poll. The Euromoney FX Poll is widely recognized as the industry benchmark for FX and this is the third year in a row that RBS has placed in the top 5 globally.
Mr. Holman holds a BA from Boston College in Political Science and Economics. Mr. Alloula graduated from the Institut d’Etudes Politiques de Paris. He holds a BA in Management and Applied Economics and an MSc in Finance and Business Administration from the Université Paris Dauphine. Mr. Smith holds a BA in Finance from the University of Notre Dame and an MBA in Finance from the Anderson School at UCLA.
The Royal Bank of Scotland Group
The RBS group is a large international banking and financial services company. Headquartered in Edinburgh, the Group operates in the United Kingdom, Europe, the Americas and Asia, serving more than 40 million customers. The Group provides a wide range of products and services to personal, commercial and large corporate and institutional customers through its two principal subsidiaries, The Royal Bank of Scotland and NatWest, as well as through a number of other well known brands including, Citizens, Ulster Bank, Coutts, Direct Line and Churchill.