RBC Dexia has appointed a new head of securities lending to help the custodian capitalise on an up-tick in this market and also navigate incoming regulations on short selling.

Guy d'Albrand has been hired by the custodian, which has $3.0 trillion in assets under administration, to lead the unit. He has previously held senior positions at Societe Generale and Newedge - a joint venture between Societe Generale and Crédit Agricole - in the investment management and services, investment banking and brokerage units.