People profile: José Placido, RBC Investor Services
José Placido, chief executive of rebranded RBC Investor Services, talks to Andrew Tjaardstra about his plans for the future, as Royal Bank of Canada takes full ownership of the securities services firm
After the upheaval of acquiring 50% of RBC Investor Services from troubled Belgian banking group Dexia, José Placido looks like a relieved man who is keen to return to the day-to-day running of the business.
In April, RBC’s $837.5 million bid for Dexia’s 50% of RBC Dexia was accepted and formally approved by the regulators. Dexia had run into trouble several times over the past five years, most recently being bailed out by the governments of France, Belgium and Luxembourg in October 2011, with
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