Royal Bank of Scotland Group Plc hired Robert Sinche as global head of foreign-exchange strategy, according to a person familiar with the agreement who isn’t authorized to speak publically on the matter.
Sinche, who has more than 30 years of experience in the foreign-exchange market, joins RBS Securities Inc.’s global banking and markets strategy group, the person said. The 58-year-old analyst joins from Lily Pond Capital Management, where he was the chief strategist for the investment firm and was responsible for global economic and policy analysis. Michael Geller, spokesman for RBS in Stamford, Connecticut, declined to comment.
Sinche will be based in Stamford, filling the position vacated by Alan Ruskin, who resigned as global head of foreign exchange strategy at RBS on July 1. Sinche will report to John Richards, head of markets strategy, Americas and David Simmonds, global head of research and strategy. Ruskin is global head of Group-of-10 foreign-exchange strategy at Deutsche Bank AG in New York.
At Lily Pond, Sinche analyzed global economies, capital flows and monetary and fiscal policy with a focus on foreign exchange, the New York-based firm said when he joined in December. Prior to joining Lily Pond, Sinche was head of strategy for global rates, currencies and commodities at Bank of America Corp.
Sinche left Charlotte, North Carolina-based Bank of America in January 2009 after the acquisition of Merrill Lynch & Co. He left behind a currency team that finished third among 46 firms in a Bloomberg survey based on his forecasts for the 18 months ended in June 2009.
Before joining Bank of America in 2004 he worked for six years as head of global currency strategy at Citigroup Inc. He ranked first in foreign-exchange research in the 2004 Euromoney magazine poll of currency investors, topping all eight categories of the research portion.
Prior to joining Citigroup, Sinche worked at firms including Prudential Investment Corp. and Alliance Capital Ltd. He began his career at Paine Webber in 1976 as an economist. He holds a bachelor’s degree in economics from Hamilton College and a master’s degree in economics from Brown University.