Royal Bank of Scotland Group PLC unit NatWest Markets PLC has seen three senior European government bond traders leave the company in the last month, Thomson Reuters' IFR reported, citing a person close to the situation.
The traders were said to be James Konrad, head of the desk, and Ian Walker and Biagio Lapolla. Robbie Anderson, in flow rates sales, also decided to leave the company, according to the June 14 report.
The departures are not part of a wider restructuring, and NatWest Markets is expected to fill the vacant positions, as it remains committed to the business, IFR added.
RBS plans to restructure NatWest Markets' capital structure in July through a court-approved capital reduction as part of the separation of its retail and investment banking activities in compliance with the U.K. ring-fencing regime.