Royal Bank Of Canada Restructures FX; Squires To Move Off Canadian Dollar Desk

BANKS

Royal Bank of Canada (RBC) is shifting the responsibilities of several of its senior foreign exchange dealers as part of an effort to add cohesion between its FX desks. In a memo issued February 19 to the Toronto-based bank's treasury staff, Ian MacKay, senior vice president of trading, outlined the planned changes, setting guidelines for three senior appointments, which take effect May 1.

Among those taking on new responsibilities is longtime Canadian dollar chief Bert Squires, who is moving