FX Week

FIVE YEARS AGO IN FXW

FIVE YEARS AGO IN FXW

RBC Closes NY Trading; Leaving Sales

In a major change of strategy, the Royal Bank of Canada (RBC) is moving all its trading operations from New York to Toronto, leaving only sales and marketing staff behind.

FXW, January 24, 1994

Editor's note: David Gibbins, previously head of treasury trading and sales for the US, Latin America and the Caribbean, in New York, transferred as head of FX in Toronto, overseeing the trading operations for the Americas, as well as sales in Canada and the mid-West