RBC To Grow FX in Singapore As Barnett Moves From London

BANKS

Royal Bank of Canada is planning an expansion in foreign exchange operations in Singapore after relocating David Barnett, FX trading manager for Europe and Asia, to Singapore from London (FXW, March 13). Barnett is managing the room there as well as acting as chief dealer.

"We felt that Singapore, because of its newness and its importance to our strategy, had to have a hands-on operation," says Barnett. "It's a lot easier for me to run London from Asia than it is to run Asia from London."

RBC