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.
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.
Canadian Prime Minister Stephen Harper said developing the world’s third-largest pool of oil reserves is as difficult as building China’s Great Wall. Chinese companies may find themselves outside looking in.
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.