RBS structured product directors to exit

Royal Bank of Scotland Global Banking & Markets structured products directors David Lake and Zak de Mariveles are to set to leave the business, Fundweb.co.uk understands.

Zak De Mariveles has been managing director at RBS in the structured product division for almost seven years. He was previously director at Barclays Capital for 13 years.

David Lake joined Royal Bank of Scotland as head of equity derivatives and structured products sales UK and Ireland in October 2008. He was previously head of UK retail sales for Societe Generale.

RBS declined to comment.

In April, Fundweb.co.uk sister title Money Marketing revealed that RBS Global Banking & Markets director of structured products David Stuff left the business. He has since joined Meteor as as managing director of Meteor Investment Solutions as the company looks to widen its distribution of listed structured products.