RBC Hires Citi's Ron Ruffini as Managing Director in London Amid Global Talent War

Royal Bank of Canada (RBC) has hired Ron Ruffini from Citigroup as a managing director in London. Ruffini will lead commodities risk solutions in the Asia-Pacific region and Europe, Middle East and Africa for RBC Capital Markets. This hire is part of RBC's broader push to attract experienced bankers and traders in a competitive market. RBC's capital-markets division reported record revenue of C$3.76 billion in the fiscal third quarter, up 25% from a year earlier.

Royal Bank of Canada (RBC) has made a strategic move to bolster its commodities risk solutions by hiring Ron Ruffini from Citigroup as a managing director in London. Ruffini will oversee commodities risk solutions in the Asia-Pacific region and Europe, Middle East and Africa (EMEA) for RBC Capital Markets. This appointment is part of RBC's broader effort to attract experienced bankers and traders in a competitive market.

Ruffini brings extensive expertise in commodities risk management and global financial markets. His appointment aligns with RBC's goal of strengthening its presence and capabilities in the commodities sector. The bank's capital-markets division reported record revenue of C$3.76 billion in the fiscal third quarter, up 25% from a year earlier [1].

This move comes as RBC seeks to capitalize on the growing demand for sophisticated risk management solutions in the commodities market. The appointment of Ruffini underscores RBC's commitment to enhancing its risk management capabilities and expanding its market reach in key regions.