RBC Capital Markets strengthens hedge fund expertise with Howard Chen

<body.content> <block> <p>NEW YORK, Sept. 10 /PRNewswire/ — RBC Capital Markets today announced Howard Chen has joined its Structured Products Group. An MBA graduate from New YorkUniversity, Mr. Chen brings a wealth of expertise from his previously held positions, including structuring derivative products, to enhance leverage and financing options to the hedge fundindustry.</p> <p>Mr. Chen will report to Johan Wahlstedt, managing director of RBC Structured Products.</p> <p>”The goal of the Structured Products Group at RBC CapitalMarkets is to provide clients with a full range of financing and leveraging products,” said Mr. Wahlstedt. “Howard’s diverse background in derivative structuring, trading and risk management makeshim an invaluable addition to our team.”</p> <p>RBC Capital Markets provides hedge fund clients with tailored services including proprietary prime brokerage solutions as well as asuperior suite of products to meet the variety of needs in the industry. RBC Capital Markets designs both leveraged and non-leveraged customized financial products with the intent of meeting theinvestment and risk-mitigation requirements of sophisticated fund managers. As principal counterparty in such structured transactions, Royal Bank of Canada’s (NYSE, TSX: RY) strong credit ratingcoupled with its commitment to excellence and competitive standing, provide clients a counterparty with an exceptional degree of professionalism and integrity.</p> <p>About RBC CapitalMarkets</p> <p>RBC Capital Markets is the Corporate &amp; Investment Banking arm of RBC Financial Group, the global brand for Royal Bank of Canada (NYSE, TSX: RY). The firm isCanada’s leading underwriter of debt and equity securities and ranks among the top 10 M&amp;A advisors in North America. It offers institutional clients a global reach in selected products andindustry sectors with a strong focus on U.S. mid-market companies. Royal Bank of Canada is Canada’s largest financial institution as measured by market capitalization and total assets. RBC is aleading diversified financial services company in North America with over 60,000 employees and 12 million clients through offices in some 30 countries worldwide. For additional information, pleasevisit: <a>http://www.rbccm.com/</a>. </p> <datasource>RBC Capital Markets</datasource> </block> <block class=”contact”> <p>CONTACT: Media contacts:Daniel Callahan, (612) 313-1234; Chris Pepper,<br/> (416) 974-2124</p> </block> </body.content>