RBS resignations prompt restructure

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LONDON & STAMFORD, CT – Royal Bank of Scotland (RBS) implemented a new structure for its sales and trading business last Monday (February 15), following the departure of two senior managers in London on February 12.

Steve Ashley, head of rates trading, and Chris Fleming, head of flow sales for Europe, the Middle East and Asia (EMEA), quit the UK bank and are expected to resurface at Nomura in Asia and London, respectively.

An internal memo circulated by Peter Nielsen, global head of markets in

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