Home / Business and Economy / RBC Poaches Goldman Trader for Global Stocks Push
RBC Poaches Goldman Trader for Global Stocks Push
19 Feb
Summary
- RBC Capital Markets hired Noel Reyes from Goldman Sachs.
- Reyes will lead product innovation in electronic trading.
- This is part of RBC's ongoing expansion in global equities.
Royal Bank of Canada is strengthening its global equities presence with the recruitment of Noel Reyes, a prominent equities trader and execution specialist from Goldman Sachs Group Inc. Reyes is set to join RBC Capital Markets in May and will be based in New York, focusing on product innovation within electronic trading and execution algorithms.
This appointment signifies a continuation of RBC's strategic expansion in stock trading. Since July, the bank has onboarded at least eight senior professionals into its equities division, reflecting a concerted effort to enhance its capabilities in areas such as securities lending, quantitative investment strategies, and structured products. Reyes's prior experience includes roles at JPMorgan Chase & Co. and Lehman Brothers Holdings Inc., highlighting his extensive background in electronic trading.
Reyes's hiring is part of RBC's initiative to build out its equities business lines, aiming to provide clients with advanced trade execution tools. These tools help clients achieve optimal pricing while minimizing market impact. The bank is prioritizing growth in these specialized areas to better serve its global clientele.
