Published on 25th May 2021
RBS International has recently appointed Robert Jarvis - a native Luxembourgish financial services professional, to the newly created role of Business Development Director.
This appointment cements RBS International’s commitment to continuing to grow its depositary services offering in Luxembourg to cater to the growing demand in the European funds industry for fully independent depositary services.
Robert, who holds a Masters in Economics and European Governance, brings to the role extensive experience in sales, strategic and regulatory analysis and business development in financial services. Prior to joining the Bank, he spent four years at the National Development Agency for the Financial Centre in Luxembourg, supporting the development and growth of the financial centre, and before that a number of years at two Luxembourg advisory firms developing risk and governance solutions for investment funds. He started his career as a policy analyst trainee during the first AIFMD and ESA reviews.
Commenting on his appointment, Robert said: “I’m really happy to have joined the RBS International team locally and the NatWest Group more broadly, as I see a huge potential for our services here in Luxembourg. NatWest Trustee & Depositary Services is the largest independent depositary in the UK for a reason: asset managers and investors value independent fund governance. Especially in an ESG conscious world, good fund governance starts with an independent depositary. I’m very excited to help grow this leading business in Luxembourg and work with my colleagues to establish long term relationships with our clients to deliver the highest level of protection to funds and the end investors. Since 2019, the depositary team has set up great foundations for building the depositary of the future – and now it’s time to grow.”
Spencer Carne, head of depositary services at RBS International in Luxembourg, commented: “We are delighted to have appointed somebody of Robert’s calibre, particularly his in-depth local knowledge and industry relationships, which will be integral towards further enhancing our offering in Luxembourg. He has joined the Bank at a pivotal and exciting point in our strategy. Whilst growth has been strong with assets under management increasing by 13% year on year, our ambition is to build this further and Robert will help us achieve that.
We have significant investment plans over the coming years to continue to build all aspects of the business in Luxembourg, as we deliver on our purpose; protecting investors by offering best in class governance through our position as a truly independent depositary.”
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About RBS International Institutional Banking
We specialise in helping institutional clients look after their money and manage risk. This includes transactional banking, fund financing, depositary services, and liquidity and risk management. We’re based in Jersey, Guernsey, London, Luxembourg, Gibraltar and the Isle of Man so our clients get personal, tailored support from a local expert. And our multi-currency online banking platform, eQ, lets them move and manage money the same way they do their personal banking.
Our clients include alternative investment fund managers, asset managers, fund administrators and corporate service providers. With our culture of restless innovation, we work to make banking easy. We’re focused on delivering all the services our clients need, where and when they need them.