RBC Unifies Global Transaction Banking Capabilities Under New Business
Royal Bank of Canada (RBC) has unified its transaction banking capabilities under a new Global Transaction Banking (GTB) business. The move aims to make RBC a leading global transaction banking franchise, providing clients with seamless services across borders.
The GTB will be jointly led by Sean Amato-Gauci and Derek Neldner, who are accountable for establishing RBC as a global transaction banking leader. They will oversee the combined business, which brings together RBC's transaction banking capabilities from Commercial Banking and Capital Markets under shared leadership and a single strategy.
The GTB has 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. It also brings leading expertise across foreign exchange, payments, trade finance, and liquidity management.