RBC Capital Markets appoints Doug Moore as Head of Asia
Additional appointments underscore firm's strategic focus
on Asia
HONG KONG and TORONTO, June 7, 2011 — RBC Capital
Markets, the corporate and investment banking arm of Royal
Bank of Canada (RY on TSX and NYSE), today announced key management
appointments for its operations in Asia.
Doug Moore has been appointed to the newly created position
of head of RBC Capital Markets, Asia. Moore's appointment
illustrates RBC's continued growth in the region, and follows
RBC Capital Markets' announcement in November 2010 of a new
trading floor in Hong Kong, doubling its capacity.
Moore is based in Hong Kong and reports to Mark Standish
and Doug McGregor, RBC Capital Markets' co-CEOs. He will be
responsible for leading the firm's business in the region
as it advances its growth strategy in conjunction with other
global and regional RBC business leaders. Moore brings to
RBC over 23 years of business and financial experience in
Asia on both the buy and sell sides, including strong investment
management expertise on the private client side, and in building
a financial services business for Credit Suisse in Hong Kong.
"Doug is a highly successful and experienced individual
who brings a unique perspective to our business," said
Standish. "We are focused on further expansion of our
platform in Asia; the creation of this position signifies
the importance of the region for RBC Capital Markets, as well
as the opportunity we see for distributing our global products.
Doug's role in establishing an integrated strategy for RBC
in Asia will greatly benefit our clients in the region, as
it will help us deliver a more comprehensive suite of products
and solutions."
Andrew Turczyniak, CEO of RBC Capital Markets' operations
in Hong Kong, will assume the role of Head of Strategic Relationships
and will be responsible for further strengthening the collaborative
efforts between RBC Capital Markets and RBC Wealth Management
in Asia.
In line with the firm's increasing emphasis on the combined
region, Alan Downie, COO of Australia, has been appointed
COO Asia-Pacific for RBC Capital Markets. Downie will relocate
from Sydney to Hong Kong.
"Andrew's expanded role is testament to his success
in leading our growth and development in Hong Kong, which
is complemented by his extensive knowledge of the market.
Alan's broadened scope is a result of the strengths and expertise
he has exhibited throughout his time with RBC in Sydney,"
said McGregor. "These structural changes, coupled with
the hiring of Doug Moore, will position RBC Capital Markets
very well for growth in a market that we consider to be of
key importance to the development of our franchise."
"RBC Capital Markets in Asia presents an exciting opportunity
for me to be part of a strong growth story at one of the largest
and most stable banks in the world," said Moore. "RBC's
momentum and its differentiated position among global banks
make it a compelling time to join as the firm builds a scale
business in Asia."
RBC Capital Markets has over 360 employees in Asia-Pacific,
and has operations in Hong Kong, Beijing, Tokyo, Singapore
and Sydney.
About RBC Capital Markets
RBC Capital Markets is the corporate and investment banking
arm of RBC and is consistently ranked among the top investment
banks globally. With over 6,300 employees, RBC Capital Markets
is active globally in fixed income, foreign exchange, infrastructure
finance, ECM, metals, mining and energy. Working with clients
through operations in Asia and Australasia, the UK and Europe
and in every major North American city, RBC Capital Markets
provides products and services from 75 offices in 15 countries.
For more information, please visit: www.rbccm.com.
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For more information, please contact:
Brunswick, Asia: Joseph
Lo Chin Lun
Tel +852 351 25033
RBC, London: Louisa
Fairman
Tel: +44 (0)20 7029 7821
RBC, Canada: Gillian
McArdle
Tel: 416 842 4231
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