BRIEFS

BRIEFS

RBC Singapore Relocation

Royal Bank of Canada is to relocate its Singapore forex trading operation to Sydney before the end of March. RBC will maintain sales for forex in Singapore, but all trading and market making in Canadian dollar will be based in Sydney, says Bradley Leek, head of FX sales for Europe and Asia. "The move is to leverage off the dominant trading platform--the bond products," following RBC’s acquisition of Hambros Bank, says Leek.

As part of the relocation, Peter Loaring, head

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