London, 4 April 2011 RBC Capital Markets, the corporate and investment banking arm of Royal Bank of Canada (RY on TSX and NYSE), today announced the appointment of Stephen Krag as Chief Financial Officer Europe.
Krag brings over 25 years of financial service experience to RBC Capital Markets, joining from Daiwa Capital Markets Europe where he was Chief Financial Officer. Prior to this, Krag was Chief Operating Officer for HBOS Treasury Services and held a number of senior finance positions within capital markets, equities and global financial market businesses for NatWest Securities.
Krag will be based in London and reports to John Burbidge, CEO, Europe, RBC Capital Markets. Burbidge said: "Stephen's financial acumen coupled with his experience and ability to build team infrastructure, and management control functions to support growing businesses will be a major asset to us as we continue the build-out of our European platform. "
About RBC Capital Markets
RBC Capital Markets is the corporate and investment banking arm of RBC and is consistently ranked among the top 11 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.
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, and among the largest banks in the world, based on market capitalization. We are one of North America's leading diversified financial services companies, and provide personal and commercial banking, wealth management services, insurance, corporate and investment banking and transaction processing services on a global basis. We employ approximately 79,000 full- and part-time employees who serve close to 18 million personal, business, public sector and institutional clients through offices in Canada, the U.S. and 50 other countries. For more information, please visit rbc.com.
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Greentarget, London: Dafina Grapci-Penney /
Phillippa Cantrill - Tel: +44 (0)20 7680 5052 / 5063
RBC Capital Markets: Louisa Fairman
Tel: +44 (0)20 7029 7821