Pieter-Reinier Maat (pictured) has been elevated to managing director and global head of investor products and equity derivatives (IP&ED) client management at Royal Bank of Scotland (RBS) to globally manage the sale and wind-down of the UK state-owned bank’s IP&ED division.
Formerly head of IP&ED for Benelux, Switzerland and France in London, Maat was appointed head of client management run-off and recovery, Europe, Middle East & Africa (EMEA) at RBS in the summer of 2014.
In addition to overseeing the offloading of the bank’s structured products, Maat is a member of a number of RBS’s boards, including the divisional suitability committee, the deal steering committee and the risk and control committee. In his new role, he will also have global divisional responsibility for client management, sales and trading, product marketing, client services, structuring, business management and special projects.
Maat, who will be based in London and Amsterdam, was charged in the summer with leading the RBS “tail” team that is overseeing the processes and services to be outsourced to BNP Paribas, and the day-to-day management and the active wind-down of the portfolio not being transferred to the French bank.
Prior to that, Maat had been head of RBS’s IP&ED for Benelux, France and Switzerland since 2012 and was responsible for multi-asset investor products, exchange-traded products (ETPs), equity derivatives and multi-asset product solutions with teams in London, Amsterdam, Zurich and Paris.
He moved to Amsterdam temporarily in February 2013 to manage the bank’s range of turbo and booster certificates following the departure of Jean-Paul van Oudheusden, who joined BinckBank as head of business development in Amsterdam.
Prior to that, Maat had been global head of investor product structuring at RBS in London since 2010 as well as a member of the bank’s risk and control committee (RCC) and global client suitability committee (GSC).
Maat joined RBS in 2010 as a managing director following the acquisition of ABN Amro by the UK bank. At ABN, Maat spent eight years as head of retail product development.
Calls to RBS requesting comment were not returned by press time. Maat could not be reached.
Related stories:
RBS appoints head of run-off to manage IP&ED wind-down in EMEA