RBC Hires BNP Paribas’s Herbeau for Foreign-Exchange Execution

  • Matthieu Herbeau will be a managing director in London
  • He was most recently head of foreign exchange at BNP Paribas

Royal Bank of Canada, the country’s second-largest largest lender by assets, hired Matthieu Herbeau from BNP Paribas SA as global head of foreign-exchange execution for its RBC Investor and Treasury Services unit.

Herbeau will be a managing director in London, the Toronto-based company said Monday in an e-mailed statement. He’ll lead foreign-exchange business strategy and report to Elaine Skinner-Reid, Europe and Asia Pacific head in the unit’s treasury and market services group, and Chris Seip, global head of that business.

Herbeau spent 15 years at Paris-based BNP Paribas, most recently as global head of foreign exchange, according to the statement. He earlier worked at KBC Bank NV and JPMorgan Chase & Co., according to his LinkedIn profile.

Royal Bank’s investor and treasury services unit provides asset, custody and payments services globally. The unit had $3 trillion in client assets under administration as of July 31.

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