People moves: RBC realigns

Royal Bank of Canada has been carrying out a bit of a reorganisation of its FX business. Ed Monaghan is due to relocate to London from Toronto as global head of FX trading, where he will be joined at some point in August by Mark Gibson and Rein de Gier, who are coming over from Sydney/ Gibson will be global head of non-CAD FX spot trading, and de Gier will head up non-CAD option trading. Meanwhile, Wayne Baker will head up global CAD FX Spot trading and Patric Booth will head up Global CAD and CAD crosses FX Options. Both will be based in Toronto. RBC also recently employed Stan de Groot for its team in Sydney, where he will be head of Asia FX Options. De Groot previously worked at ABN AMRO.