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An RBC bank on Bay Street, Toronto. August 15, 2013.
An RBC bank on Bay Street, Toronto. August 15, 2013.
(Gloria Nieto/The Globe and Mail)

Look for RBC to de-emphasize trading

In the leadership shift at Royal Bank of Canada, there’s a signal that the bank is looking at its trading businesses in capital markets very differently these days.

RBC’s big news is the retirement of Gord Nixon as chief executive officer, and the appointment of Dave McKay. Mr. McKay, who comes mostly from a retail banking background, takes over next year.