The Royal Bank of Scotland (RBS) has lost one of its longest tenured executives, having parted ways with Robert Godber, its Managing Director of RBS Markets and International Banking, one of the lenders’ UK subsidiaries, Finance Magnates has learned.

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Mr. Godber had previously served as the group’s Managing Director, having originally joined the group back in 1984. Over the next three decades he worked across a number of RBS’ divisions, including most recently as one of the co-heads of Financial Institutional Sales in Europe, Middle East, and Africa (EMEA) – a position he stepped into in 2013.

It is unclear where Mr. Godber’s next destination is following the departure from RBS. Finance Magnates reached out to RBS, which was unavailable for additional comment.

RBS, like many other lenders in the UK, has been making a series of moves in its personnel departments that have affected their respective top to bottom operations. Banks such as Deutsche Bank have opted to target broad-based cost cutting strategies that have seen the loss of thousands of jobs, upwards of 35,000 in the next few years.

While the majority of these roles have been relegated to back office or technology positions, many banks have also shuffled and consolidation wealth management, foreign  Exchange   Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectively relevant with real-time pricing.Depending upon where you reside, an exchange may be referred to as a bourse or a share exchange while, as a whole, exchanges are present within the majority of countries. Who is Listed on an Exchange?As trading continues to transition more to electronic exchanges, transactions become more dispersed through varying exchanges. This in turn has caused a surge in the implementation of trading algorithms and high-frequency trading applications. In order for a company to be listed on a stock exchange for example, a company must divulge information such as minimum capital requirements, audited earnings reports, and financial reports.Not all exchanges are created equally, with some outperforming other exchanges significantly. The most high-profile exchanges to date include the New York Stock Exchange (NYSE), the Tokyo Stock Exchange (TSE), the London Stock Exchange (LSE), and the Nasdaq. Outside of trading, a stock exchange may be used by companies aiming to raise capital, this is most commonly seen in the form of initial public offerings (IPOs).Exchanges can now handle other asset classes, given the rise of cryptocurrencies as a more popularized form of trading. An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectively relevant with real-time pricing.Depending upon where you reside, an exchange may be referred to as a bourse or a share exchange while, as a whole, exchanges are present within the majority of countries. Who is Listed on an Exchange?As trading continues to transition more to electronic exchanges, transactions become more dispersed through varying exchanges. This in turn has caused a surge in the implementation of trading algorithms and high-frequency trading applications. In order for a company to be listed on a stock exchange for example, a company must divulge information such as minimum capital requirements, audited earnings reports, and financial reports.Not all exchanges are created equally, with some outperforming other exchanges significantly. The most high-profile exchanges to date include the New York Stock Exchange (NYSE), the Tokyo Stock Exchange (TSE), the London Stock Exchange (LSE), and the Nasdaq. Outside of trading, a stock exchange may be used by companies aiming to raise capital, this is most commonly seen in the form of initial public offerings (IPOs).Exchanges can now handle other asset classes, given the rise of cryptocurrencies as a more popularized form of trading. Read this Term ( FX Desks  FX Desks FX Desks are locations where forex traders and dealers with a financial institution, bank, or investment firm work. FX desks are commonly structured as a central point that is shared by more than one trader and given the nature of the sleepless 24-hour forex market.The majority of foreign exchange institutions possess FX desks to meet trading demands. For large-scale financial institutions, FX desks are generally swapped for a dealing facility.This is operated by market makers, also known as liquidity providers, or a close-knit network of dealers. Sometimes, if demand is high enough, there will be multiple FX desks specific to major currencies like the U.S. dollar, euro, and yen. Forex dealers working at FX desks may operate as an agent or principal. When forex dealers operate as an agent, the dealer will facilitate a client’s order in a secondary market where more liquidity may be found. By extension, FX dealers who function as a principal dealer takes the opposing side of a client’s trade. Evolution of FX DesksBefore the early 2000s, FX desks played a critical role in the operations of forex brokers where it was not uncommon for forex desks to possess 10 to 20 traders. Today, FX desks are made up of maybe a handful of forex traders due to the innovation and transitioning of electronic trading which began to shift in the mid-2000s. While the demand to trade forex is greater than it had been, forex dealers have been replaced by electronic auto-hedging platforms that quote and clear trade executions on their trader’s behalf. FX Desks are locations where forex traders and dealers with a financial institution, bank, or investment firm work. FX desks are commonly structured as a central point that is shared by more than one trader and given the nature of the sleepless 24-hour forex market.The majority of foreign exchange institutions possess FX desks to meet trading demands. For large-scale financial institutions, FX desks are generally swapped for a dealing facility.This is operated by market makers, also known as liquidity providers, or a close-knit network of dealers. Sometimes, if demand is high enough, there will be multiple FX desks specific to major currencies like the U.S. dollar, euro, and yen. Forex dealers working at FX desks may operate as an agent or principal. When forex dealers operate as an agent, the dealer will facilitate a client’s order in a secondary market where more liquidity may be found. By extension, FX dealers who function as a principal dealer takes the opposing side of a client’s trade. Evolution of FX DesksBefore the early 2000s, FX desks played a critical role in the operations of forex brokers where it was not uncommon for forex desks to possess 10 to 20 traders. Today, FX desks are made up of maybe a handful of forex traders due to the innovation and transitioning of electronic trading which began to shift in the mid-2000s. While the demand to trade forex is greater than it had been, forex dealers have been replaced by electronic auto-hedging platforms that quote and clear trade executions on their trader’s behalf. Read this Term, and fixed income units to combat sinking profit margins and revenues.