José Placido leaves RBC after 24 years

DepatureJosé Placido, chief executive of RBC Investor Services, will leave the company at the end of February after 24 years. Tony Johnson, global head of sales and distribution, and Joanna Meager, global head of client operations, will become co-heads of RBC Investor Services at the beginning of March, subject to regulatory approval, while continuing to fulfill their current roles. The pair will report to Harry Samuel, head of RBC Investor & Treasury Services, a new segment that includes Global Financial Institutions, Investor Services and Treasury Services. RBC Investor Services began as RBC Dexia Investor Services, a joint venture between the Royal Bank of Canada and Belgium-based Dexia bank in 2006. In October 2011 a bail-out of Dexia was announced involving the governments of France, Belgium and Luxembourg. The Royal Bank of Canada subsequently bought out Dexia from the joint venture. RBC Investor & Treasury Services today says it is active in 15 markets with $2.9 trillion (€2.2 trillion) in assets under administration. ©2013 funds europe

Executive Interviews

INTERVIEW: Put your money where your mouth is

Jun 10, 2016

At Kempen Capital Management, they believe portfolio managers should invest in their own funds. David Stevenson talks to Lars Dijkstra, CIO of the €42 billion manager.

EXECUTIVE INTERVIEW: ‘Volatility is the name of the game’

May 13, 2016

Axa Investment Managers chief executive officer, Andrea Rossi, talks to David Stevenson about bringing all his firm’s subsidiaries under one name and the opportunities that a difficult market...


ROUNDTABLE: Beyond the hype

Oct 13, 2016

The use of smart beta investing continues to grow. Our panel, made up of both providers and users, discusses what the strategy actually means, how it should be used and the kind of pitfalls that may arise when using this innovative investment technique.

MIFID II ROUNDTABLE: Following the direction of travel

Sep 07, 2016

Fund management firms Aberdeen and HSBC Global meet with specialist providers to speak about how the industry is evolving towards MiFID II.