In addition to this role, Mr Penney recently took on an expanded role as country executive for the UAE and is responsible for the bank’s activities across the region including global transaction services and retail banking operations. Mr Penney will be based in Dubai and report to Marco Mazzucchelli, deputy CEO of RBS’s GBM.
Prior to the current appointment, he was RBS’ country executive and head of GBM division for South Africa. He also undertook several roles within the group in the UK.
Mr Mazzucchelli, said: “Mr Penney’s global experience and product expertise strengthens RBS’s execution and origination capabilities across the Middle East and Africa. RBS is present in the UAE, Qatar and South Africa enabling us to serve our valued clients across the region. He will be instrumental in further strengthening the RBS franchise as his experience in debt capital markets and structured finance will help deliver our full range of products and advisory capabilities.”
