The Royal Bank of Scotland (RBS) has appointed Scott Eichel as global head of Securitized products and head of US credit for its markets franchise within its global banking & markets division.
In this new role, Eichel will oversee the firm’s asset-backed securities (ABS), mortgage-backed securities (MBS) and commercial mortgage backed securities (CMBS) products across trading, structuring and sales throughout its markets franchise.
Eichel’s expanded role also include leading RBS’ US credit business within its markets franchise.
Last year, he was appointed head of US Credit Trading. As part of his broader mandate, Eichel will now coordinate closely with sales and structuring executives within RBS’ markets franchise to ensure that objectives and direction are fully aligned.
Eichel will continue to report globally to Peter Nielsen, global head of markets and regionally to Michael Lyublinsky, co-head of RBS’ global banking & markets division in the Americas, and global co-head of Fixed Income, Commodities and Currencies (FICC).
Eichel joined RBS in 2008. He played a critical role in helping to lead ABS, MBS, and CMBS trading globally. In 2010, he was appointed as head of US credit trading.
He joined RBS from Bear Stearns, where he was a senior managing director and co-headed residential mortgage and asset-backed trading.
Nielsen said that Scott’s skills in business building will be key as RBS continue to develop an increased presence in the securitization and US credit markets.
Lyublinsky said that Scott has been an integral part of the strategic efforts to build a first-rate securitization trading business, and to enhance and expand the US Credit Trading capabilities.
