Exclusive: Barnard leaves RBS
01 August 2016 London
Image: Shutterstock
Royal Bank of Scotland’s (RBS) head of equity financing and derivatives, Mark Barnard, has left the bank as it continues to wind down its equity derivatives business.
Barnard, who worked at RBS for seven years, is the latest senior figure to leave the bank's equity derivative unit since the closure was first announced in 2013.
Prior to joining RBS in 2009, Barnard was global head of equity liquidity management at Morgan Stanley.
It is unclear where Barnard's next position will be.
The department's closure came as part of an initiative to 'de-risk' the bank following the need for a taxpayer-funded bailout during the 2008/09 financial crisis.
RBS declined to comment on the move.
Barnard, who worked at RBS for seven years, is the latest senior figure to leave the bank's equity derivative unit since the closure was first announced in 2013.
Prior to joining RBS in 2009, Barnard was global head of equity liquidity management at Morgan Stanley.
It is unclear where Barnard's next position will be.
The department's closure came as part of an initiative to 'de-risk' the bank following the need for a taxpayer-funded bailout during the 2008/09 financial crisis.
RBS declined to comment on the move.
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