rbc

Compliance costs now consume a quarter of wealth managers’ budgets, finds a new report.

PetroChina becomes the latest Asian company to invest in oil sands, shelling out $5.4 billion in a joint venture with Canada's Encana.

The bank lists snatching market share and building corporate relationships in Asia as priorities for 2011. Meanwhile, RBS Coutts names a new head of NRI and South Asia business based in Dubai.

iGate tables a winning $1.22 billion bid for Patni Computer Systems with the backing of private equity firm Apax Partners and debt commitments from Jefferies and RBC.

RBC Wealth Management, the private banking arm of Canada's largest bank, has appointed Matthew Yong president and Frank Mu chief executive officer of its Asian operations.

RBC Capital Markets, the corporate and investment banking arm of Royal Bank of Canada, hires Stefanie Holtze as director in FX sales.

The corporate and investment banking arm of the Royal Bank of Canada hires in Tokyo and Hong Kong.