Mr Yamamoto will assume overall responsibility for the publication of FX research and strategy reports that forecast directional fluctuations of the Japanese yen against major and selected emerging market currencies. He will work closely with RBS global research teams to deliver high caliber market intelligence and strategic trading ideas based on market flows, socio-economic, and political factors. Prior to this, he was currency economist for Nikko-Citigroup, where he worked for two years.

The bank has also announced that it made several other changes to the Japan FX team which includes Ivan Ferraroni, as head of FX trading & sales, John Shen-Nagakura, as head of FX sales, Aiden Hopfner, as head of global FI sales, Japan and Luke Waddington, as head of prime solutions, Asia Pacific. Mr Ferraroni was previously head of FX sales at RBS in London where he focused on servicing clients in Germany, Switzerland and Austria. Mr Shen-Nagakura, who joined RBS last November, held various senior sales roles covering FX and derivative products at Shinsei Securities as well as Citibank New York, London and Tokyo. Mr Hopfner covered FX sales for RBS institutional clients across greater continental Europe. Mr Waddington was the previous head of FX trading & sales for RBS Tokyo.

Ivan Ferraroni, head of FX trading and sales for RBS global banking & markets in Japan, said: Mr Yamamoto is a well experienced FX market analyst, who brings deep understanding of policymaking as well as unique and robust FX analysis and strategy to RBS.