Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials HomeBankingNewsRBC creates combined cash-management business in global pushManaging clients’ cash flow can deepen a bank’s ties with those businesses and also offers an extra source of depositsAuthor of the article:RBC, Canada’s largest lender, is already a leader in transaction banking at home and launched a U.S. cash-management platform in 2024. Photo by Cole Burston/BloombergRoyal Bank of Canada is carving out a business line to expand its United States and Canadian cash-management services, part of a bid to win more work from corporate clients as it pushes further into European, Middle Eastern and Asian markets.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountorDerek Neldner, group head of capital markets, and Sean Amato-Gauci, who leads the commercial banking division, will be co-heads of the global transaction banking business, RBC said in a statement Tuesday. The new structure won’t change the bank’s financial reporting, it said.“Being more globally connected isn’t just about where we operate,” chief executive Dave McKay said in the statement, adding that the bank aims to help clients “move money, manage liquidity and risk, and operate seamlessly on an international basis.”Breaking business news, incisive views, must-reads and market signals. Weekdays by 9 a.m.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Posthaste will soon be in your inbox.We encountered an issue signing you up. Please try againRBC, Canada’s largest lender, is already a leader in transaction banking at home and launched a U.S. cash-management platform in 2024. Managing clients’ cash flow can deepen a bank’s ties with those businesses and also offers an extra source of deposits, which can be used to fund lending.Kartik Kaushik, who joined the firm from Citigroup Inc. in 2022 to build and launch the U.S. cash-management platform, will run product strategy and innovation for the new business line. Michael Klopchic, a senior vice president in the commercial bank, will lead client coverage and sales execution. Both will report to Neldner and Amato-Gauci, the bank said. Join the Conversation This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.