Osprey Capital Partners Inc. hired Paris Aden, a former mergers-and-acquisitions director at Royal Bank of Canada’s RBC Capital Markets unit, as a partner, according to Vlaad & Co., a Toronto-based financial services recruiting firm.
Finance Minister Jim Flaherty said he regrets that Canada’s housing agency has grown as large as it has and promised to take additional measures if a reduction in the amount of government insurance on mortgages is needed.
Royal Bank of Canada is putting its leadership in the hands of David McKay, whose consumer-lending experience is a departure from the investment-banking background that propelled Gordon Nixon to chief executive officer 12 years ago.
Canada’s central bank will probably promote from within to replace Tiff Macklem, who said yesterday he will quit as senior deputy governor seven months after being passed over for the top job, economists said.
The Bank of England discovered about 120 years ago that women were ideal for some of its most tedious work: processing old banknotes. Now, the bank counts on its female staff to set rules for one of the world’s top financial centers -- before they leave early to pick up the kids.