RBC Capital named primary dealer in Germany, France

* Canadian bank to participate in govt debt auctions

* Was named U.S. primary dealer last year

* Bank pushing to expand European reach

TORONTO, Oct 26 (BestGrowthStock) – RBC Capital Markets said it has
been designated a primary dealer in Germany and France,
beginning on Tuesday, a move that should extend the Canadian
investment bank’s reach and influence in European markets.

RBC is a unit of Royal Bank of Canada (RY.TO: ), which has
said it wants to expand its European investment bank and wealth
management operations.

The bank has already been participating in British debt
auctions for more than a decade, and was named a U.S. primary
dealer in July 2009. It is also a primary dealer in Australia
and Canada.

“We are now looking to build on our success in these
markets and are focused on establishing a trading capability
across multiple jurisdictions in Europe,” Harry Samuel, RBC’s
global co-head of fixed income and currencies, said in a
statement.

Being designated as a primary dealer in France and Germany
means RBC Capital will participate directly in government debt
auctions and then sell the securities on the secondary market
in both countries.

They will have added exposure to, and will report on,
market development and transaction volumes, RBC said.

RBC sells capital markets products and services in 15
countries, and manages its international fixed income and
treasury businesses out of London. The parent bank is based in
Toronto.

Last week, Royal Bank of Canada agreed to buy British fund
manager BlueBay Asset Management (BBAY.L: ) for 963 million
pounds ($1.5 billion).
(Reporting by Cameron French; editing by Rob Wilson)

RBC Capital named primary dealer in Germany, France