NEW YORK -(Dow Jones)- Royal Bank of Scotland has hired Jonathan Underwood, former UK Parliamentary Spokesman, to its FX options trading team in Stamford, Conn.
Underwood, who was most recently employed as a parliamentary spokesman for the Liberal Democrats in the U.K., will focus on trading Latin America options in the RBS Global Banking and Markets division, the firm said.
He first started trading Latin America currency options in the late 1990s for NatWest.
"Clearly Latin America is a much more significant part of the world economy than it was then," Underwood said in an emailed statement. "Indeed, you could argue that some of the countries have a more stable economic framework than many in the West, and the term emerging is more historic than descriptive."
In addition to Natwest, Underwood has previously traded various products at Deutsche Bank, Standard Chartered, Dresdner Bank and Merrill Lynch. He will report to Ian White, who heads FX Options North America.
Earlier this week, RBS announced it had appointed Ed Mount to a newly created role as head of technology-based trading in foreign exchange, based in London.
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