Lee Knight, Asia-Pacific co-head of fixed income at UBS in Hong Kong, is joining the Royal Bank of Scotland in a newly created role as Asia-Pacific head of fixed income, which includes interest rates and credit derivatives. These are areas RBS has been expanding in the region in the last few years. Knight confirmed the move, but declined further comment.
Knight, a veteran in the Asian markets, worked at UBS in Tokyo for eight years, eventually co-heading the region and spearheading the firm's push in credit derivatives. He transferred to Hong Kong at the onset of the year to oversee the firm's buildup for non-Japan Asia (DW, 1/7). Prior to his career at UBS, Knight worked at Barings Bank. "He's got a lot of experience out here. This will definitely help boost RBS' business in Asia," said a senior credit trader at a rival firm. Rivals noted Knight has a good eye for building businesses and recruiting top staff.
Starting next month, he will report to Anthony Yuen, managing director and regional head at RBS in Hong Kong, who did not respond to repeated messages. At UBS, Knight reported to Sal Naro, co-global head of fixed income, who recently left (DW, 3/1).
