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About RBC > Media Newsroom > News Releases > RBC Capital Markets Appoints Head of European Credit Trading

RBC Capital Markets Appoints Head of European Credit Trading

LONDON, FEBRUARY 21, 2011— RBC Capital Markets, the corporate and investment banking arm of Royal Bank of Canada (RY on TSX and NYSE), today announced that it has appointed Ian Pearce as Head of European Credit Trading, based in London.

Pearce joins RBC Capital Markets from UBS where he held a number of roles since 2001, most recently, Co-Head Sterling Credit and European ABS. At RBC, Pearce will report to John Greenslade, Head of Fixed Income & Currencies Europe, with responsibility for overseeing all credit trading.

Commenting on the appointment, Harry Samuel, Global co-Head of Fixed Income & Currencies, said: "Ian is a fantastic addition to our European platform, where we have a dedicated and experienced credit trading team. Ian and his team will be responsible for ensuring we maintain our position as the market leader in UK credit trading and on all major electronic credit trading platforms."

About RBC Capital Markets
RBC Capital Markets is the corporate and investment banking arm of RBC and is consistently ranked among the top 15 global investment banks. With over 4,000 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 capital markets products and services from 75 offices in 15 countries. RBC Capital Markets international fixed income and treasury businesses are managed from London, which is the centre of a 24-hour trading platform, with major hubs in Sydney, New York and Toronto. For more information, please visit www.rbccm.com.

About RBC
Royal Bank of Canada (RY on TSX and NYSE) and its subsidiaries operate under the master brand name RBC. We are Canada's largest bank as measured by assets and market capitalization, one of North America's leading diversified financial services companies and among the largest banks in the world, based on market capitalization. We are one of North America's leading diversified financial service companies, provide personal and commercial banking, wealth management services, insurance, corporate and investment banking and transaction processing services on a global basis. We employ approximately 77,000 full- and part-time employees who serve more than 18 million personal, business, public sector and institutional clients through offices in Canada, the U.S. and 53 other countries. For more information, please visit rbc.com.

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