RBS swaps Sin­ga­pore for Colorado Ski Slopes

The Pak Banker - - COMPANIES/BOSS -

Greg Gibbs is swap­ping down­town Sin­ga­pore for the ski slopes of Colorado, as the 26-year for­eign-ex­change in­dus­try vet­eran de­parts Royal Bank of Scot­land Group Plc to set up a re­search firm in the Rocky Moun­tains.

The 49-year-old Syd­ney na­tive plans to work Asian hours pro­duc­ing re­search on ma­jor and Asia-Pa­cific cur­ren­cies, as well as Aus­tralia and New Zealand in­ter­est rates.

He started buy­ing prop­er­ties in­clud­ing ski con­dos in Colorado some four years ago to get ahead of a rally in the green­back that has seen it soar from a record low against the Aussie dol­lar.

"I'm very se­ri­ous about the busi­ness plan and that's my num­ber one pas­sion and goal at the mo­ment," the fa­ther of two said in a phone in­ter­view Fri­day. "I'm not check­ing out - - I'm def­i­nitely check­ing in -but of course, it would be nice once I drop the kids off to school in the morn­ing to go and ski for a cou­ple of hours be­fore I start work."

Gibbs is join­ing a trend among fi­nance pro­fes­sion­als of work­ing at a lo­ca­tion of their own choos­ing rather than the cen­ters of global com­merce. Euro­pean alpine re­sorts such as Ver­bier and Cha­monix have lured traders and fund man­agers from places such as Lon­don as they seek prox­im­ity to their fa­vorite pas­times.

Gibbs is start­ing a com­pany called Am­pli­fy­ing Global FX Cap­i­tal which he in­tends to base in the his­toric town of Breck­en­ridge, lo­cated at an al­ti­tude of 9,600 feet (2,926 me­ters) and with a pop­u­la­tion of less than 5,000 at the 2010 cen­sus.

"I will be trad­ing my own cap­i­tal and writ­ing about my ideas," Gibbs wrote in a press re­lease Aug. 17. "I have al­ways writ­ten re­ports with the mind­set of a trader, bridg­ing the gap be­tween fun­da­men­tal anal­y­sis and trad­ing strat­egy."

Gibbs started his ca­reer as an economist at the Re­serve Bank of Aus­tralia in 1989 and has since lived in New York and Lon­don. He also plans to trade his own money and ex­pand his busi­ness into cap­i­tal man­age­ment. He joined RBS in Syd­ney in 2007 when the Ed­in­burgh­based bank ac­quired his pre­vi­ous em­ployer ABN Amro af­ter a bid­ding war.

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