New RBC appointment enables penetration of US$ Agency Market in Europe and Asia

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RBC Capital Markets, the corporate and investment banking arm of RBC Financial Group (RY: TSX and NYSE), today announced the appointment of Aaron Kennon as Head Trader for US$ Agencies in Europe and Asia. Aaron will also assume responsibility for Supra Sovereign US$ trading in these regions.

This appointment bolsters RBC's Supra Sovereign Agency capability, and marks their entry into the agency market in Europe and Asia. It will enable the firm to leverage its successful US-based Agency business and increase placement of US$ products in the European and Asian marketplaces.

Richard Pilosof, head of Global Debt Markets said: "This move perfectly complements our US agency business, which focuses on middle market clients. We will now be able to offer a broader investor base to US issuers through our contacts in Europe and Asia. Moreover, the combination of Supra and Sovereign means we have more to offer our clients, who will benefit from real-time support in both the European and Asian time zones"

Aaron joins from Citigroup in Hong Kong where he was the Senior Agency Trader for the Asia-Pacific region. He will be based in RBC's London office, reporting to Mike Quinn, Head of Credit Trading.