Banking giant NatWest is shifting things up in its eFX trading division.
According to information published on his LinkedIn page, Sudeep Gupta has taken up a new role as head of eFX trading for NatWest Markets’ Asia-Pacific business.
Founded in the early 1990s, NatWest Markets disappeared after being absorbed into the broader Royal Bank of Scotland (RBS) Group.
But in 2016, the brand was revived after ring-fencing regulations were introduced in Britain aimed at separating a bank’s retail business from its investment activities.
Thus, though Gupta may be changing brands, he is still working for the same financial conglomerate – the RBS Group.
Risk management to trading
The new FX trading head has already worked in RBS’ Singapore office for over three years.
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During that time, he worked in the bank’s eFX trading division, working on the bank’s market-making activities in spot and non-deliverable forward trading.
Prior to taking up that role, he spent almost eight years with another RBS brand – RBS Financial Markets.
The currency trader spent that time in a more risk-oriented role, working on building quantitative pricing models and risk management for the bank’s eFX market making desk.
Before joining RBS Group, Gupta worked, having just graduated from university with a physics degree, as an equity derivatives analyst at Bank of America Securities.
In his new role, the eFX trading head is likely to face some stiff competition.
Banks and other financial institutions are flocking to Singapore as the small nation-state seeks to become the global hub for FX trading.