Kemp will be responsible for leading RBS’ North American FX business and will focus on aligning the structuring, strategy, trading and sales functions seamlessly into one team.
He will be based in Stamford, Connecticut, and will report locally to Michael Lyublinsky, co-head of Global Banking & Markets for Americas and global co-head of Fixed Income, Currencies, and Commodities (FICC), and globally to Tim Carrington, global head of Foreign Exchange based in London.
Kemp has more than 20 years of experience in the global foreign exchange markets. He was most recently with Merrill Lynch where he served as global head of FX and Local Currency Trading.
Prior to this position, Kemp was head of FX Trading at Morgan Stanley. Before that, he was head of FX Trading for Credit Suisse.
Lyublinsky said Stephen has managed very successful global foreign exchange businesses and brings extensive FX experience to the firm.
"His expertise and deep background as a trader is highly complementary to the mature FX platform we have established, and he will be instrumental in helping us to strengthen and develop new client relationships where we put clients first," Lyublinsky said.