Briefly:

(February 1, 2008) The Canadian Depository for Securities has appointed Ian A. Gilhooley to the position of president and chief executive officer, effective immediately.

Gilhooley joined CDS in 2001 and became chief operating officer in 2002. As COO, he directed the redevelopment and implementation of CDS’s clearing and settlement system, CDSX.

RBC goes to India

(February 1, 2008) Canada’s largest bank has opened up shop in one of the world’s largest population centres. RBC has opened its first office in the financial capital of India: Mumbai.

“The strong growth of the Indian economy presents huge opportunities,” said Gordon M. Nixon, RBC president and CEO. “India is showing an increasing demand for areas in which RBC has competitive strengths — infrastructure and project finance, energy, metals and mining, structured products, currency and bond trading, and wealth management services.”

RBC’s overall Indian operations will be headed by Akhauri Sinha, with Dipendarra J. Singh leading the bank’s wealth management business.

Nixon says part of RBC’s strategy is to assist Indo-Canadians with investments in India.

“Indo-Canadians have made and continue to make a huge contribution to the fabric of Canadian life,” says Nixon. “Their presence and cosmopolitan imprint on our cities, especially Toronto and Vancouver, have been profound. They form an important, indeed critical, link between India and Canada.”

(02/01/08)

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.