Royal Bank of Scotlandhas suspended its head of rates trading for Europe and Asia Pacific, the most senior employee to be put on leave as the lender investigates its alleged role in the interbank rate scandals.
Jezri Mohideen was suspended last week as part of the bank’s continuing investigation into the interbank rate-setting affair, according to two people close to the bank. RBS dismissed four traders last year but Mr Mohideen is the most senior employee and the first senior manager to be put on leave. He was head of rates trading in Europe, the Middle East, Africa and Asia Pacific.
RBS declined to comment on Mr Mohideen’s case but said: “Our investigations into submissions, communications and procedures relating to the setting of Libor and other interest rates are ongoing. RBS and its employees continue to co-operate fully with regulators.”