RBC’s electronic trading co-head Bianca Gould to depart as part of streamlining across the electronic trading business

Gould departs after almost three years at RBC as its co-head of electronic sales and trading, The TRADE can reveal.

RBC’s co-head of European electronic sales and trading, Bianca Gould, is set to leave the bank after almost three years as part of streamlining measures.

According to sources familiar with the matter, it has been communicated to clients that due to streamlining, certain roles have been eliminated. Gould’s next role is not yet confirmed.

RBC confirmed her departure but declined to comment further.

Gould joined RBC Capital Markets in October 2020 to co-lead its European low touch sales and trading business alongside Chris Parker who has been in the role since 2011.

She has extensive experience in the algorithmic and electronic sales and trading space, after previously spending 16 years at Redburn where she held various roles within the European equities sales trading team, most recently as head of algorithmic trading.

She was made partner at the firm in 2009 and remained the youngest partner appointed to date until the removal of the programme after her departure.

During her tenure at RBC, Gould was responsible for growing its client base and market share, as well as developing client relationships and working with electronic product innovation teams for equities in Europe. 

RBC launched its second algorithm on Aiden, its proprietary AI-based electronic trading platform, in the US in November last year. The algo, Aiden Arrival, builds on the success of the platform’s first solution, a volume-weighted average price (VWAP) algorithm aiming to reduce price slippage and offer an expanded action set to improve clients’ trading performance.

The electronic trading platform, first launched in October 2020 , uses deep reinforcement learning processes to adapt to changing market environments and improve trading results based on live market data.