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RBC Names Ali to Head New Fixed-Income Algorithmic Strategy Desk

Royal Bank of Canada, the country’s largest lender by assets, promoted Haider Ali to a new position overseeing algorithmic strategies for fixed income and currencies.

Ali, who was previously in the equities group, will lead a team responsible for improving RBC Capital Markets’ fixed-income electronic trading, initially focusing on futures and U.S. interest rates, the Toronto-based firm said Wednesday in an internal memo. He’ll be based in New York and report to Jeff Fields, head of North American FIC sales, and Vimal Patel, who runs global algorithmic trading.