Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

RBS Says Head of Trading for Currencies in Europe to Take Leave

April 29 (Bloomberg) -- Royal Bank of Scotland Group Plc said its head of trading for currencies in Europe, the Middle East and Africa, James Pearson, is taking a leave of absence for personal reasons.

His duties will be shared by colleagues Damon Reynolds, Simon Manwaring and Scott McMunn, Rebecca Nelson, a spokeswoman for RBS, said by telephone today. Pearson joined RBS as head of spot foreign-exchange trading in 2011 from Nomura Holdings Inc.

Calls to his office telephone weren’t answered and an e-mail to his work account was returned with a message saying he will return on Sept. 8.

Pearson’s move comes as the widening probe of the foreign-exchange market roils an industry already under pressure to shrink costs. Regulators around the world are investigating allegations traders colluded to rig key foreign-exchange benchmarks used by investors and companies by pushing through trades before and during the 60-second windows when the WM/Reuters rates are set.

No firms or traders -- including Pearson -- have been accused of wrongdoing by government authorities.

To contact the reporter on this story: Ambereen Choudhury in London at achoudhury@bloomberg.net

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

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.