THE ROYAL BANK OF SCOTLAND FINANCIAL MARKETS HIRES HEAD OF GBP INFLATION TRADING

6th June 2005

The Royal Bank of Scotland Financial Markets has today announced the appointment of Chris Thomas as Head of GBP Inflation Trading and Deputy Head of Inflation Trading.

Chris has over seven years trading experience across all major inflation linked markets globally, having worked at UBS and more recently Deutsche Bank. He will be based in London and will report to Charles Harris, Global Head of Inflation Trading.

Commenting on the appointment, Charles Harris said: "The addition of Chris to the team is in line with our ambition to be a leading inflation house globally. I am positive his knowledge and experience will add great value to the team."

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