RBC Loses Global Head of Investment Grade Credit Trading
Royal Bank of Canada’s (RBC) european credit trading team is experiencing continued departures, now including James Chapman, the global head of investment grade credit trading. RBC announced Chapman’s departure internally today, according to sources.
Chapman had been with RBC for 10 years, having joined the bank from Deutsche Bank. His next destination is currently unknown, and neither Chapman nor RBC responded to requests for comment.
Colleagues described Chapman as a “great guy” and suggested potential options including retirement or a move to a hedge fund, rather than a competitor like Citi.
The future of Chapman’s role remains unclear. Christophe Coutte, who was promoted to run trading in Europe in March 2025, has reportedly been increasing his focus on investment grade credit, potentially leading to Chapman’s responsibilities being absorbed into Coutte’s purview.
This departure follows previous reporting of turnover within RBC’s European credit trading team, including recent hires leaving the bank shortly after joining.
