RBC Creates Unified Global Transaction Banking Business

Royal Bank of Canada (RBC) has announced the creation of Global Transaction Banking (GTB), a unified global business that combines RBC's transaction banking capabilities across commercial banking and capital markets. The new GTB will be jointly led by Sean Amato-Gauci, Group Head, Commercial Banking and Co-Head, Global Transaction Banking, and Derek Neldner, CEO and Group Head, RBC Capital Markets and Co-Head, Global Transaction Banking.

The combined business brings together RBC's transaction banking capabilities from across commercial banking in Canada and the U.S., and capital markets under shared leadership and a single strategy. GTB will have a growing suite of capabilities, including RBC Clear, a digital cash management platform in the U.S., and RBC Edge, a digital cash management platform in Canada.

RBC holds a #1 position in transaction banking in Canada, with rapidly growing momentum in the U.S. The bank aims to build a leading global transaction banking franchise based on deep relationships, best-in-class capabilities, global scale, and a leading digital experience.