Mr. Kemp will be responsible for leading RBS' North American FX business and will focus on aligning the structuring, strategy, trading and sales functions seamlessly into one team. He will be based in Stamford, CT and report locally to Michael Lyublinsky, Co-Head of Global Banking & Markets, Americas and Global Co-Head of Fixed Income, Currencies, and Commodities (FICC), and globally to Tim Carrington, Global Head of Foreign Exchange based in London.
Mr. Kemp has more than 20 years of experience in the global foreign exchange markets and is widely recognized as an industry leader. He was most recently with Merrill Lynch where he served as Global Head of FX and Local Currency Trading. Prior to this position, Mr. Kemp was Head of FX Trading at Morgan Stanley. Before that, he was Head of FX Trading for Credit Suisse. Mr. Kemp's career is global in reach, having been based in Tokyo, Singapore and London while with Bankers Trust. He was educated at Sandon College in the United Kingdom and has served on the Federal Reserve Foreign Exchange Committee.
FX is a core business for RBS, and Mr. Kemp's appointment is an integral part of the firm's global initiatives to consolidate and grow its top five market position. The hiring of Mr. Kemp further demonstrates RBS' commitment to its North American FX franchise as a core part of its global business.
Michael Lyublinsky, Co-Head of Global Banking & Markets, Americas and Global Co-Head of FICC, said, "Stephen has managed very successful global foreign exchange businesses and brings extensive FX experience to our firm. His expertise and deep background as a trader is highly complementary to the mature FX platform we have established, and he will be instrumental in helping us to strengthen and develop new client relationships where we put clients first."