LONDON, Feb. 28, 2012 /CNW/ - RBC Dexia Investor Services today announced the appointment of Paul Stillabower as Head of Strategy to oversee the implementation of the business's growth strategy, adding to the company's Strategy & Corporate Services leadership. Mr. Stillabower succeeds Alex Muto, who is appointed to a new role as Head of Enterprise Transformation.
Mr. Stillabower joins from HSBC Securities Services, where he was Global Head, Business Development, Funds Services & Global Custody. Previously he held a number of other senior roles at HSBC and RBC in business building, auditing, risk and operations. In his new role, he will be responsible for leading all strategy-related planning and execution activities around the growth plan for the business, including tailored strategies for specific client segments. He will report to Michael Wilson, Global Head, Strategy & Corporate Services.
Jose Placido, CEO of RBC Dexia Investor Services commented: "Our strategic growth plans require an increasingly agile response to upcoming opportunities. To that end, we are delighted to have Paul on board, building on the highly-evolved strategy role built by Alex Muto. We are excited by the strategic insight Paul will bring to the organisation and the sharpened focus Alex will provide in new enterprise transformation role."
Mr. Muto will continue to lead corporate development for the company in his new role, reporting to Michael Wilson. In addition, he will take on the lead role for enterprise transformation activities, which would include the integration of new acquisitions and any other enterprise transformation programs.
About RBC Dexia Investor Services
RBC Dexia Investor Services offers a complete range of investor services to institutions worldwide. Our unique offshore and onshore solutions, combined with the expertise of our 5,500 professionals in 15 markets, help clients grow their business and sustain enhanced performance through efficiency improvements and robust risk management practices.
Equally owned by RBC and Dexia, the company ranks among the world's top 10 global custodians with USD 2.7 trillion in client assets under administration.
RBC Dexia Investor Services Limited is a holding company that provides strategic direction and management oversight to its affiliates, including RBC Dexia Investor Services Trust, a trust company, supervised in Canada by the Office of the Superintendent of Financial Institutions, and authorized to carry on business in the U.K. by the Financial Services Authority. All are licensed users of the RBC trademark (a registered trademark of Royal Bank of Canada) and Dexia trademark (a registered mark of Dexia Crédit Local) and conduct their global custody and investment administration business under the RBC Dexia Investor Services brand name.
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