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.