Royal Bank Of Canada Names Stammers New Global Head Of Forward Trading
BANKS
Royal Bank of Canada (RBC) recently named Andy Stammers as its new global head of forwards, says David Bamett, global co-head of foreign exchange in London. Stammers is responsible for all non Canadian forward trading in Europe, Asia and North America, reporting to Baruett.
The decision is part of the bank's previously announced plans to restructure along global product lines, says Stammers, so one person is responsible for the P&L, risk and structure of the books globally (FXW, March 18).
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