Danny Dolan, recently appointed MD within Royal Bank of Scotland's (RBS) structured funds team, told SRP the bank is aiming to expand its structured funds business significantly in Europe and Asia. "Currently we have approx. €3bn under management, and the aim is to increase those assets substantially over the next three years," he said.
Dolan said RBS will also combine the capabilities of the fund-linked team with the structured funds team to deliver access to leading external managers across a wide range of strategies. The bank has structured, and now manages, more than 60 structured funds across a number of asset classes, including Ucits and non-Ucits offshore funds, he said.
Dolan, who left Nomura's structured funds team to join RBS last November, is based in London and reports to David Moroney, global head of retail structuring and structured funds.
Dolan made it into the news in 2004, when he was one of a group of 15 Merrill Lynch equity derivatives specialists lured by Japanese investment bank Nomura. Dolan joined Nomura as a vice president in equity and fund derivatives product development, and from 2008 was responsible for the bank's structured funds business as an executive director.