BNY Mellon's markets head jumps to Royal Bank of Canada

Michelle Neal will join the Canadian firm in June as head of US Ficc

RBC is expanding its US presence

Michelle Neal, chief executive of BNY Mellon Markets, has left to join the Royal Bank of Canada as head of fixed income, currencies and commodities (Ficc) for the firm’s US business.

She will report to the bank’s global head of Ficc, Jonathan Hunter, and be based in New York.

“I am thrilled to be joining RBC at this pivotal time,” says Neal, who starts her new role in June. “In recent years, the bank has substantially expanded its US platform, and I look forward to helping it grow further