RBC Dexia appoints new UK MD in European sales shake up

Custodian RBC Dexia Investor Services has ended the role of its head of Sales and Distribution for Continental Europe, as the previous postholder moves to head up its UK office.

In a realignment of RBC Dexia’s sales and distribution business, Simon Shapland is now managing director for the UK.

There he will hold overall responsibility locally for both business strategy and employee relations. He will also be in charge of client satisfaction and developing local regulatory relationships.

He reports to Tony Johnson, RBC Dexia’s global head of Sales and Distribution.

The move follows a decision by the firm to shake up how its sales structure is organised, by no longer having a regional head but local managers with greater powers.

Local managing directors are now in charge of building the business as well as leading their office.

Shapland has worked for RBC Dexia, which is equally owned by the Royal Bank of Canada and Dexia, since it was created in 2006.

He was formerly based in Luxembourg as its head of Sales and Distribution for Continental Europe.

Other new local MDs to have joined RBC Dexia in the past year include Mauro Dognini who became managing director for Italy last week, Sebastien Danloy in Luxembourg, Marco Siero in Switzerland, Brent Reuter in Hong Kong and Diana Senanayake in Singapore.

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