RBC Hires Andy Allen to Lead Investor and Treasury Services Business

RBC Investor & Treasury Services, a subsidiary of Royal Bank of Canada (RBC), has hired Andy Allen as its new Managing Director in Singapore. Mr. Allen is expected to lead RBC's Investor & Treasury Services with immediate effect.

Mr. Allen joins RBC Investor & Treasury Services from JP Morgan Investor Services and brings over 25 years experience in global banking. In a statement RBC said, "Andy brings comprehensive knowledge of the securities industry, Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term, the local operating and regulatory environment and relationship management of clients, both domiciled in Singapore and those looking for offshore solutions."

Based in Singapore, Mr. Allen will report to Andrew Gordon, Managing Director (Asia) at RBC Investor & Treasury Services. Mr. Gordon commented on the move by saying: “Singapore is a leading market for UCITS fund distribution in Asia, a significant Hub Hub A hub as its name suggests describes the center of activity or a focal point. In terms of finance, the term hub can refer to Hub and Spoke Trading or a liquidity hub. However, the terms are not interchangeable, but they do overlap. Hub and Spoke trading refer to a network that posts bids and offers for an asset and therefore creates a real market. For example, Hub and Spoke trading allow traders to see the other submissions and offers from other traders on the platform. This is a popular method A hub as its name suggests describes the center of activity or a focal point. In terms of finance, the term hub can refer to Hub and Spoke Trading or a liquidity hub. However, the terms are not interchangeable, but they do overlap. Hub and Spoke trading refer to a network that posts bids and offers for an asset and therefore creates a real market. For example, Hub and Spoke trading allow traders to see the other submissions and offers from other traders on the platform. This is a popular method Read this Term for wealth management and home to a number of sovereign wealth funds. Andy’s extensive experience in the industry together with his relationships in Asia will be invaluable in leading our business and client activity in this important market.”