RBC Investor & Treasury Services (I&TS), part of Royal Bank of Canada, has appointed Kumi Somaskandan as managing director and head of client operations for Canada.
Somaskandan joins RBC I&TS from Citco where she was most recently managing director, head of Citco Alternative Investor Services for North America.
She has worked at Citco since 2007 and has held other senior roles there, including director of client relationship management.
Somaskandan replaces James Daigle, who is retiring in May 2018 after 30 years with RBC.
Paul Bridgeman, managing director of global line operations at RBC I&TS, said: “Kumi Somaskandan’s strong reputation for delivering results and building high-impact teams ensures that RBC I&TS continues to support our clients’ evolving needs.”
He added: “Her expertise and industry knowledge will also enable us to continue improving our operational efficiency and reduce risk.”
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