Nijziel was previously global financial markets head of Rabobank's Japan business but will relocate to Hong Kong in the wake of Galvin's move back to London. Galvin will head up the global financial markets business in the London office and become global head of client structured products.
During the past two-and-a-half years, Galvin has successfully built up Rabobank's structuring capability in Hong Kong, after shifting the team's regional hub from Singapore to Hong Kong in 2006 to take advantage of the growth in both retail and institutional clients in the North Asia region.
It will be Nijziel's job to take that development to the next stage. In particular, he will work on aligning the global financial markets business with Rabobank's traditional focus: the food and agriculture industry.
"Asia plays a fundamental role in the global economy and is one of Rabobank's key growth regions," he says. "Besides being the largest and fastest growing F&A [food and agriculture] market in the world, Asia is also the largest global F&A producer with China and India being the major ones. With Rabobank's strong research roots and financing expertise in the F&A arena, we are in a good position to roll out F&A-related products for our clients who wish to venture into this sector."
Nizjiel joined Netherlands-based Rabobank in 1998 as head of cash management in its Utrecht office. He first came to Asia in 2003 as treasurer of Rabobank's Hong Kong and Shanghai branch, but returned to Utrecht in 2005 before taking up the role in Tokyo.
Galvin's move to London comes just eight months after he was given global responsibility for the bank's structured equity and fund derivatives business, following the resignation of Alan Shaffran in New York.