RBC Unifies Global Transaction Banking Under New Division

Royal Bank of Canada (RBC) has established Global Transaction Banking as a unified global business, combining transaction banking capabilities from its Commercial Banking and Capital Markets divisions.

The new division will be jointly led by Sean Amato-Gauci, Group Head of Commercial Banking, and Derek Neldner, CEO and Group Head of RBC Capital Markets, who will both serve as Co-Heads of Global Transaction Banking.

RBC Clear, a digital cash management platform in the U.S., and RBC Edge, a digital cash management platform in Canada, are among the division's capabilities. The business also covers foreign exchange, payments, trade finance, and liquidity management services.