Royal Bank of Scotland (RBS) has hired Dan Haxby as head of realisations within its strategic investment group (SIG) effective 1 September 2011.
In the new role Haxby will work the lifecycle of a SIG investment from the identification of equity opportunities through to their subsequent realisation.
Haxby used to work as the head of financial sponsors coverage at JP Morgan, before moving to the same role at RBS’s global banking and markets business.
RBS global head of SIG John Davison said this is an important appointment, helping RBS to maximise the value of the substantial portfolio the SIG holds. Dan will bring a range of skills and experience which will prove invaluable in maximising returns.
Haxby said identifying the right equity opportunities and exit plans will be a critical feature in managing this significant portfolio.
RBS said SIG is responsible for all aspects of the equity positions that the bank takes through debt for equity swaps and new money investments in restructuring situations. It sits within the bank’s global restructuring group.