RBC Capital Markets expands global futures team
LONDON and NEW YORK, March 1, 2007 — RBC Capital
Markets today announced the continued expansion of its 24-hour
global futures business with the addition of Alex Wilkinson,
Managing Director, who will co-lead the business with Richard
Hall-Reppen, Managing Director. Both men report to Harry Samuel,
head of Global Treasury Services. Mr. Wilkinson is based in
London; Mr. Hall-Reppen in Chicago.
Mr. Wilkinson, 44, most recently with London-based ODL Securities
as chief operating officer, has more than twenty years experience
in building and managing international brokerage and trading
businesses across all asset classes at firms including Dresdner
Kleinwort Wasserstein, Fimat Banque and Bank of America. His
appointment follows closely on the January hiring of Janet
Mirasola to head RBC Capital Markets' New York- based metals
desk within the global futures business.
"One of our goals is to expand our futures trading activities
in Europe, and Alex's experience will certainly help us achieve
this goal," said Mr. Samuel.
The global futures group currently has more than twenty sales
and trading professionals working in futures execution, clearing
and base metals in Chicago, Toronto, Montreal, New York and
London, with further additions planned. "We're seeing
strong global demand for futures execution and clearing,"
said Mr. Hall-Reppen. "The demand is coming from a broad
range of capital markets clients, and also from RBC businesses
serving hedge funds and professional traders, so there's all
kinds of opportunities for the global futures business."
RBC Capital Markets offer 24-hour execution and clearing
on global futures and options products including interest
rate, stock index, energy, metals, agricultural and other
exchange traded futures and options.
"Strength in futures trading is critically important
to a broad range of companies and industries globally,"
said Mr. Samuel. "It's a high potential business for
us because of the opportunities to establish new client relationships
through a strong futures trading capability and then build
on those relationships."
About RBC Capital Markets
RBC Capital Markets is the corporate and investment banking
arm of RBC and is active globally in fixed income, foreign
exchange, infrastructure finance, structured products, metals
and mining, and energy. Its North American equity underwriting,
sales, trading and research business leads the Canadian market
and supports a significant and growing franchise in the U.S.
middle market. The firm's international fixed income, structured
products and treasury businesses are managed from London,
which is the centre of a 24-hour trading platform with major
hubs in Toronto, New York and Sydney. Bloomberg ranks the
firm as one of the Top 20 investment banks globally. In terms
of assets, RBC is the sixth-largest bank in North America.
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For further information, please contact:
Katherine Gay, RBC Capital Markets, Toronto, (416) 974-6286,
katherine.gay@rbc.com
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