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Brevan Howard has hired RBS’s ex-head of rates trading

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Jezri Mohideen, the former head of rates trading for Europe and Asia-Pacific at Royal Bank of Scotland, has joined Brevan Howard.

Mohideen was a managing director at RBS until 2012, when he was dismissed as part of the bank’s investigation into its role in the Libor fixing scandal. He denied any involvement and later sued the bank for both unfair dismissal and racial discrimination. The case was settled out of court in June 2014.

Mohideen joined Brevan Howard as a partner in March, according to filings on Companies House released yesterday. No further details of his position were available at the time of writing.

Mohideen joined RBS in 2006 from Barclays and initially worked on its rates desk in Singapore. It was alleged that he manipulated Libor rates while working for the bank in Singapore in 2007. He denied the claim and later sued RBS.

He’s considered to be a gifted trader and was largely credited with stabilising RBS’s rates business following the departure of Steve Ashley – the former head of rates trading – to Nomura in 2010.

It’s is also the second time in recent months that Brevan Howard has hired former senior investment banking fixed income traders who have been out of the market for a few years. In October, it brought in Roberto Hoornweg, a former senior fixed income trader at UBS who left the bank in late 2012.

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