In this capacity, Mr. Shey will be responsible for overseeing all the products and services included in the Prime Services suite including Futures, Prime Brokerage and OTC Derivatives Clearing, as well as leading the Electronic Markets strategy for FICC in GBM. He will be based in Stamford, CT and report to Michael Lyublinsky, Co-Head of GBM Americas and Global Co-Head of FICC, Peter Rading, Global Co-Head of FICC, and Brian Reid, Global Head of FICC Sales, Research & Strategy. Mr. Shey will also be a member of the Markets ManCo.
Mr. Shey brings to RBS more than 20 years of capital markets experience from UBS and its predecessor firms in a variety of senior trading, product and distribution roles, which included positions on various management boards. In 1997, Mr. Shey led the global exotic FX derivative trading area for SBC and then UBS. As the Global Head of FX Services in the early part of 2000, he was responsible for a number of areas including Prime Brokerage and was also credited with launching UBS’s FX E-Commerce strategy, which was a direct contributor to UBS’s sharp rise up the league tables in the Euromoney FX Polls. He was appointed Global Head of FX Distribution a few years later before being tapped to be the Global Co-Head of the FX & Money Markets businesses overall. In 2009, Mr. Shey became the Global Head of FICC Distribution where he was responsible for global sales across Credit, Rates, Emerging Markets, FX and Structured Solutions. He also served as a member of the FX Committee with the Federal Reserve Bank of New York. More recently, Mr. Shey was charged with developing a major strategy for achieving scalable growth from clients outside of the top tier segment across all FICC and Equities products.
“Fabian’s track record of success across an array of FICC front-office positions coupled with his depth and breadth of knowledge across critical functions such as risk management and technology will play an integral role in helping us achieve our business goals,” said Mssrs. Lyublinsky and Rading. “We are looking forward to leveraging Fabian’s expertise as we continue to provide our clients with a full range of electronic markets, prime services, futures and counterparty clearing products and solutions in support of their financial objectives.”