RBC Bolsters Asia Pacific Coverage With New Room, Hires In Singapore

BANKS

Royal Bank of Canada (RBC) has made a number of new hires and transfers in Singapore and plans to start trading in several regional currencies from its Far East hub in the "very near future," officials say. In mid-October RBC opened a new 45-position Singapore dealing room to accommodate the Toronto-based bank's expansion in the region, which began earlier this year (FX Week, February 28).

"We have a strategy in Asia Pacific to consolidate most of, but not all, ur foreign exchange dealing act