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RBS suspends third trader in Forex rigging probe

Royal Bank of Scotland has suspended a third senior currency trader as the investigation into exchange rate rigging intensifies.

According to reports, Ian Drysdale has suspended for four months following the suspensions of colleagues Julian Munson and Paul Nash.

Overall the global investigation into the ‘fixing’ of exchange rates in the $5.3 trillion-day forex market has seen 20 traders in the some of the largest investment banks across the world suspended or fired.

FCA chief executive Martin Wheatley has described the allegations as ‘every bit as bad’ as those in Libor manipulation, which has seen banks pay out $6 billion in fines.

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Profile: The opportunity set that attracted Brett Williams to wealth management

Profile: The opportunity set that attracted Brett Williams to wealth management

Brett Williams is best known for helping to build some of the biggest platforms in the IFA market.He made the move over to wealth management to head SEI’s UK business earlier this year in the belief that this is where the best opportunities now lie.

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