MEDIA RELEASE PR35330
RBC Capital Markets Becomes Primary Dealer
NEW YORK, July 8/ PRNewswire-AsiaNet/ --
RBC Capital Markets today announced that it has been designated a primary
dealer by the Federal Reserve Bank of New York, effective tomorrow, July 8,
2009.
"This is a logical extension of our global rates franchise, where we are
already making markets as the equivalent of a primary dealer in both the UK
and Canada," said Mark Standish, president and co-CEO of RBC Capital Markets.
Primary dealers are banks and securities broker dealers that are bidders
in U.S. treasury auctions and trade in U.S. Government securities and select
other securities with the Federal Reserve Bank of New York.
"RBC has been aggressively growing its fixed income franchise in the
United States, so becoming a primary dealer is a natural next step for us,"
said Jonathan Hunter, RBC Capital Markets' co-head, Fixed Income &
Currencies.
Based in New York, RBC's U.S. Government bond trading business is headed
by managing director Thomas Tucci, a two-decade veteran of the bond industry.
Darren Lowe is RBC's head of rates and MBS sales.
About RBC Capital Markets
RBC Capital Markets is the corporate and investment banking arm of RBC
and is active globally in debt origination, sales and trading, foreign
exchange, infrastructure finance, structured products, metals and mining, and
energy. Its North American platform includes a significant U.S. investment
banking franchise and leading equity, underwriting, sales, trading and
research businesses. In the U.S., RBC Capital Markets conducts it primary
dealer activities and offers securities and investment banking services
through its U.S. registered broker-dealer, RBC Capital Markets Corporation.
Mark Standish is chairman, Jonathan Hunter is head of Fixed Income &
Currencies, Thomas Tucci is managing director, Fixed Income Rates Trading,
and Darren Lowe is managing director, Rates and Mortgage-Backed Securities
Sales, of RBC Capital Markets Corporation.
SOURCE: RBC Captial Markets
NEWS 
