RBC NY Hires FX Team From Daiwa Securities
BANKS
NEW YORK--Royal Bank of Canada (RBC) has hired an eight-strong team of FX staff from Daiwa Securities America in New York. The new unit, to be known as RBC New York Forex, will operate independently of the rest of the bank's FX division, but will use RBC's brand name. Officials say the group has been hired to raise RBC's profile in the global FX market and to expand its international clientbase.
An RBC official in New York explains that the unit will provide a full range, 24-hour service to
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