Fabio Madar, who was the global head of foreign exchange (forex) at Barclays for slightly more than a year, reportedly has a new position at NatWest Markets – co-head of forex sales.
According to a report from Financial News London, Madar has joined the investment banking arm of the Royal Bank of Scotland (RBS), having left Barclays in the summer of this year.
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The news outlet cites people familiar with the matter. However, RBS has declined to comment on the executive move. Madar has not updated his LinkedIn profile to show that he is working at NatWest.
As Finance Magnates reported, Madar joined Barclays in August of last year. In this capacity, he led the global FX business across sales and trading for the company.
Fabio Madar spent 13 years with Deutsche Bank
Although his tenure
FOREX-Dollar pares losses as investors wait on stimulus bill
The dollar gave up most of
its early losses on Tuesday as investors waited on a Senate
stimulus bill meant to blunt the economic impact of the
spreading coronavirus, and after U.S. President Donald Trump
pressed his case for a re-opening of the U.S. economy by
Senior Democrats and Republicans said on Tuesday they were
close to a deal on a $2 trillion coronavirus economic stimulus
package, raising hopes that the divided U.S. Congress could soon
act to try to limit the pandemic’s economic fallout.
There is mounting frustration among some politicians that
businesses are closing to stop the spread of the virus, which is
leading analysts to predict the nation will see the worst
recession since the Great Depression.
At the same time, many investors think markets and the
economy will not be able to stabilize until the worst