Rob Scott Named Head of Custody at Commerzbank

Rob Scott has joined Commerzbank Corporates & Markets as the new head of Custody within its prime services unit.

Prior to joining Commerzbank, Scott was instrumental in the creation of an industry Securities Post Trade Utility in Accenture enabling Banks, Broker Dealers and Financial Institutions the ability to outsource their Back- and Middle-office-functions globally. Prior to this, Rob globally ran the Securities Clearing and Financing business in the Domestic Custody Service Group at Deutsche Bank, responsible for both product and sales areas. He has also held a variety of senior positions running global operations and advising on global client strategies for banks, broker dealers and Financial Institutions and has worked amongst others with Citigroup and Bank of America.

Scott’s new business head role incorporates both product development and sales within prime services, known as Market Services.

Scott will report to Penny Tunbridge, head of Market Services and will be based in London. Market Services forms part of the Fixed Income and Currencies (FIC) business of C&M under the overall responsibility of Divisional Board Member Nikolaus Giesbert. The custody services within the Market Services unit provides custody, clearing, securities financing services as well as operational solutions to corporate customers and institutional investors.

Nikolaus Giesbert commented: “Commerzbank is committed to its Market Services offer. We aim to become a strong choice of custody partner for our clients and offer a unique service around this product.” Penny Tunbridge added: “With Rob’s extensive experience in this field, we are confident that we will be able to position Commerzbank as a major provider of custody services within the overall context of our Market Services offering.”