RBC sets goal to build global transaction banking business under unified strategy
RY•Reporting will stay within existing business segments
Financial reporting will remain within existing business segments despite the consolidated operating model.
RBC launches unified Global Transaction Banking division
RBC launched a unified Global Transaction Banking division to integrate commercial banking and capital markets transaction services under one strategy.
Joint leadership will target seamless cross-border coverage across client segments, aiming to build a leading global transaction bank.
The structure is designed to drive new deposit generation to fund the bank’s next growth phase.
Leadership responsibilities split across product and client coverage
Product, platform and innovation priorities will sit with Kartik Kaushik; client coverage, sales execution and go-to-market with Michael Klopchic.
