RBS Hires Exotics Head

Royal Bank of Scotland named a new joint head of exotic credit derivatives to serve alongside Vincent Dahinden in London. Roberto Silvotti joins the bank from Dresdner Kleinwort, where he was head of multi-asset derivatives structuring. Before that, he was co-head of credit derivatives at Calyon. Dahindnen will cover CDOs, principal investments and structured client solutions, while Silvotti will have responsibility for trading and structuring in synthetic products and index strategies. Both report to Matteo Mazzocchi, head of structured credit derivatives, who says the new hire "has an outstanding reputation in the market and together with Vincent his experience will be invaluable in our aim to become a leading player across the structured and exotic product space".