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RBS Says Global Head of Foreign-Exchange Strategy Leaves

Robert Sinche has left Royal Bank of Scotland Group Plc where he was global head of foreign-exchange strategy, a spokeswoman for the company said today.

Stamford, Connecticut-based Sinche departed to “pursue interests outside the bank,” Anita Berthier wrote in an e-mailed response to questions. “We wish him well,” she said.

Sinche, 60, joined RBS in 2010 from Lily Pond Capital Management LLC in New York where he was chief strategist. He previously worked at companies including Bank of America Corp., Citigroup Inc., Prudential Investment Corp., Alliance Capital Ltd., Bear Stearns Cos., and Paine Webber Group Inc.

Sinche, who has more than 30 years of experience in foreign-exchange markets, couldn’t immediately be reached for comment.

He said in interviews with Bloomberg in July that he saw a more positive outlook for the dollar over the next two to three years. Sinche predicted that the euro may weaken to $1.15 by the middle of next year. The 17-nation currency traded at $1.2615 at 11:21 a.m. in New York.

Sinche ranked first in foreign-exchange research in the 2004 Euromoney magazine poll of currency investors.

He graduated with a bachelor’s degree in economics from Hamilton College and holds a master’s degree in economics from Brown University.

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