RBC Hires Goldman Trader Noel Reyes in Equity Algorithm Push

Royal Bank of Canada has recruited a Goldman Sachs Group Inc. equities trader and execution specialist to lead product innovation as the bank continues to broaden its footprint in global stocks.

Noel Reyes, previously head of Americas equities electronic trading product at Goldman, will join RBC Capital Markets in May and be based in New York, according to an internal company memo. He will lead product development across electronic trading and execution algorithms and report to Jas Sandhu, global head of electronic multi asset agency solutions.