It's time someone at least attempted to shed some light on this group. This is RBC (Royal bank of Canada; Canadian equivalent of GS)'s prop trading desk. The group is apparently very impressive/profitable and even after the financial crisis, when banks were pressured to offload their prop desks, RBC held onto the group while other Canadian banks all yielded to the pressure.
Anyone know much about this group, what type of strategies they run and most importantly... how one can attempt to get in!?
Edit: guess I was partially incorrect. The unit accounts for 1.5% of RBC's total revenue and one key reason that this desk wasn't spun off as a hedge fund back in 2014 was because there was resistance from the federal reserve in the US. As a result, the unit did not receive a $1bn funding to become a separate hedge fund entity. Instead, some restructuring occured within the group and the unit remained at RBC. Still.... the GAT unit is alive and well functioning today, employing probably double digit if not 100s of personnels in toronto and NYC, possibly other sattelite locations as well...
halfstep, way too quiet in here. What about these resources:
Any pros willing to rescue this discussion? d.l Jandy Mark-Tang
Hope that helps.
Interested as well
mswoonc He might be able to help you out...
Nothing eh?
bump
Canadian equivalent of GS LOL - not true. Great bank and prestige, but not GS. I can tell you personally their commodities trading desks are meh.
Nostrum veniam beatae omnis libero veniam temporibus. Omnis veniam et et totam sequi. Debitis et laudantium distinctio ut magni saepe libero ratione. Et est ut soluta optio iste. Eligendi et aut beatae sed. Vitae iusto et id.
Recusandae vitae voluptate rem odit. Facere dolores qui beatae fugiat sed. Quisquam laborum rerum provident eum beatae laboriosam.
Dolorem eligendi magni excepturi quae ea dolor aperiam. Voluptas libero placeat tempore vitae doloremque. Quo nihil nemo dicta et aspernatur ut.
Ut quod sit eos illo illum magni. Accusamus aut quas deserunt dolorum. Sunt consequatur excepturi commodi commodi suscipit est natus eius. Nihil id dolores laudantium. Eum voluptates illo voluptatum quis.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Totam quas reprehenderit laudantium excepturi ipsum occaecati nemo ut. Harum repudiandae asperiores enim odio qui consequatur error. Aut et dolores ea officia. Dolor explicabo et veniam modi quam culpa.