Royal Bank of Scotland Global Banking & Markets director of structured products David Stuff has left the business.
Stuff left the firm last week after a year and a half in the role, which involved creating and marketing structured products to institutional investors, including discretionary wealth managers and hedge funds.
In March, RBS announced it was cutting 464 positions but creating 150 new jobs, leading to a reduction of about 300 roles.
RBS declined to comment on Stuff’s departure but a colleague confirmed he left the company last week.
Stuff previously worked as executive director at JP Morgan from May 2007 until November 2010, where he was involved in structured retail product development and distribution.
Before joining JP Morgan, he was at Barclays for nearly six years. He joined Barclays Capital in 2001 as head of UK retail structured products, where he helped establish Barclays’ structured products division. From November 2005 to May 2007, he was a director at Barclays Wealth.
StructuredProductReview.com operations manager Thomas Hughes says: “David Stuff has been in the structured product market for many years and is most well known for his days at Barclays. It will be interesting to see where he emerges next.”