LONDON, UK, Dec. 1 /PRNewswire-FirstCall/ - RBC Capital Markets, the
corporate and investment banking arm of RBC Financial Group (RY: TSX and NYSE)
today announced it will offer interbank market-making services in gold and
silver for spot, forwards and options.
    "We believe the timing is very opportune given the recent volatile
conditions in the gold market and it will help to relieve the reduced
liquidity caused by the withdrawal of this market-making service by two other
banks earlier in the year," said Jason Henderson, managing director and head
of FX derivative products, RBC Capital Markets. "The introduction of this
service is further evidence of our commitment to delivering a full bullion
service from our London office."
    The trading team is comprised of Gerry Robinson and Clare Cork, who trade
gold and silver on the interbank spot market, both as market makers and
servicing client needs. Shane Chenery and Allen McAfee will perform the same
market-making and client functions in options and forwards, respectively. In
addition, the RBC team also includes David Holmes and Paul Merrick, both
senior sales people, specializing in commodities, in particular bullion,
working with mining, central bank and investor clients.

    About RBC Financial Group
    Royal Bank of Canada (RY: TSX, NYSE) uses the initials RBC as a prefix
for its businesses and operating subsidiaries, which operate under the master
brand name of RBC Financial Group. Royal Bank of Canada is Canada's largest
bank as measured by market capitalization and assets, and is one of North
America's leading diversified financial services companies. It provides
personal and commercial banking, wealth management services, insurance,
corporate and investment banking, and transaction processing services on a
global basis. The company employs 60,000 people who serve more than 12 million
personal, business and public sector clients through offices in North America
and some 30 countries around the world. For more information, please visit
http://www.rbc.com.

    About RBC Capital Markets
    RBC Capital Markets is the corporate and investment banking arm of RBC
Financial Group, the global brand name of Royal Bank of Canada (RY: TSX,
NYSE). The firm is Canada's leading underwriter of debt and equity securities
and ranks among the top 10 M&A advisors in North America. It offers
institutional clients a global reach in selected products and industry sectors
with a strong focus on U.S. mid-market companies. Royal Bank of Canada is
Canada's largest bank as measured by market capitalization and total assets.
RBC is a leading diversified financial services company in North America with
over 60,000 employees and 12 million clients through offices in some 30
countries worldwide. For additional information, please visit: http://www.rbccm.com.

Link to this page: