The former head of futures and options for Asia-Pacific at Royal Bank of Scotland has joined Icap, Financial News has learned, as the interdealer broker continues to build its listed derivatives business.

Richard Vine, previously a managing director at RBS in Singapore, joined Icap this month as head of financial futures and options broking for Asia Pacific, Icap confirmed. He will report locally to Anthony Warner, Icap chief executive for Singapore, and to Gary Pettit, the broker's global head of financial futures and options, who is based in London.