Tim Skeet, RBS’s head of covered bonds, is understood to be exploring other potential opportunities within the bank after his position was put at risk of redundancy.

Skeet, a managing director at Royal Bank of Scotland, had taken on the role of head of covered bonds in mid-2014 – with the departure of Christoph Anhamm to ABN Amro – alongside his responsibility for financial institutions DCM for the Nordics and the Netherlands.

Several covered bond-related personnel have left RBS in the past year or so, while the bank has been reorganising its corporate and institutional banking division under its “go-forward” strategy. The bank is understood to be committed to the areas covered by Skeet, with teams in the Netherlands and Nordics, and DCM coverage and syndicate in London.

Skeet has since 2009 been a board member of the International Capital Market Association (ICMA), where he has been involved in several covered bond-related initiatives such as the ICMA Covered Bond Investor Council (CBIC).

Skeet was previously head of covered bonds at Bank of America Merrill Lynch and before that head of North European FIG DCM at ABN Amro, and he has also worked at Barclays, Dresdner Kleinwort, Lehman Brothers and elsewhere.