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RBC adds to precious metals team

RBC Capital Markets has expanded its London precious metals trading team with the addition of Anton Down and Ian Penney as directors of precious metals and precious metals trading, respectively.
RBC adds to precious metals team RBC adds to precious metals team RBC adds to precious metals team RBC adds to precious metals team RBC adds to precious metals team

RBC has added two ex-Scotiabank-ers to its London precious metals trading team

Staff reporter

Both men most recently worked on the precious metals desk at Scotiabank, Down for 13 years and Penney for two years as head of the PGMs trading.

Down has over 25 years of industry experience, and prior to Scotiabank worked at Mitsui and Mitsubishi.

During Penney's 13 years in commodities, he has also been a director at Standard Chartered Bank and a precious metals trader at Mitsui and Natixis.

Having joined in August, a month before Down, Penney is overseeing RBC's global PGMs trading books.

RBC said the two new directors would assist in expanding the bank's precious metals business in Europe across the petrochemical, refining, automotive and electronic sectors.