RBS Names Higgins Head of Europe Fixed-Income Trading

Photographer: Matthew Lloyd/Bloomberg

A logo sits on display on a pillar outside a Royal Bank of Scotland Group Plc building in London. Close

A logo sits on display on a pillar outside a Royal Bank of Scotland Group Plc building in London.

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Photographer: Matthew Lloyd/Bloomberg

A logo sits on display on a pillar outside a Royal Bank of Scotland Group Plc building in London.

Royal Bank of Scotland Group Plc, Britain’s biggest publicly owned lender, hired former Nomura Holdings Inc. (8604) executive Kieran Higgins as head of fixed-income trading for Europe, the Middle East and Africa.

The 41-year-old will take up the job in London immediately and report to Michael Lyublinsky, head of global trading, and Peter Nielsen, co-head of the markets unit, Edinburgh-based RBS said in a statement today. Higgins, who left Nomura last year, didn’t immediately return a telephone call seeking comment.

“He brings a wealth of expertise to this new role and is one of the most experienced interest rates traders in the London market,” Nielsen said in the statement.

RBS, which received the biggest bailout of any bank in the world during the financial crisis, is closing its equities and mergers-advisory units to focus on rates, foreign exchange, asset-backed products, credit and debt capital markets.

Higgins was formerly co-head of fixed income in Europe at Nomura, following a 13-year career at Lehman Brothers Holdings Inc. which included a stint running exotic interest rate and options trading in Europe.

To contact the reporters on this story: Ambereen Choudhury in London at achoudhury@bloomberg.net; Gavin Finch in London at gfinch@bloomberg.net

To contact the editor responsible for this story: Edward Evans at eevans3@bloomberg.net

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