News Column

Ray Zabarte joins RBS as Head of Trade Services, Global Transaction Services

February 25, 2014



ENP Newswire - 25 February 2014

Release date- 25022014 - 'RBS has seen high double-digit growth in trade finance volumes in the last year, and I look forward to working with the Global Trade team to build on this success story.'

The Royal Bank of Scotland (RBS) plc announced today with immediate effect the appointment of Ray Zabarte as Head of Trade Services, Global Transaction Services. He will also hold the position of Chief Administrative Officer for Trade. 1

Mr Zabarte will be based in London and will report directly to Anand Pande, Head of Trade, Global Transaction Services, RBS International Banking.

'Ray's wealth of experience and product knowledge will help us to grow our Trade proposition that includes a diverse and rich product portfolio with tenors ranging between ten days and ten years,' said Mr Pande. 'His appointment will also enable us to build on the options available to our clients when offering them our product solutions through our own proprietary systems or third-party bank-agnostic platforms to best meet their Trade needs.'

Commenting on his new role, Mr Zabarte said: 'I am excited about joining RBS, with its extensive country network that enables the bank to intermediate on 80% of the world's trade flows. RBS has seen high double-digit growth in trade finance volumes in the last year, and I look forward to working with the Global Trade team to build on this success story. Through the bank's network we can help our UK and international clients manage their trade flows on both an inter-regional and intra-regional basis.'

Mr Zabarte has joined from Barclays where he was Head of Trade Product Management and led on all aspects of product improvement, including major trade infrastructure development. Prior to this, he held several Trade Product leadership positions at Standard Chartered.

Mr Zabarte has been in international banking for twenty years, responsible for Trade Finance and Cash Management products across Europe, Asia and Australia.

During this time he has developed and grown products across the Transaction Services spectrum, building client-centric solutions for Global Corporates, Financial Institutions and SMEs.

For further information contact:

Adam Durchslag

Media Relations Manager

+44(0) 203 361 9613

adam.durchslag@rbs.com

Patricia Choo

Head of Media Relations, South Asia

+65 6518 8497

patricia.choo@rbs.com


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Source: ENP Newswire


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