The chief executive of Royal Bank of Canada’s investor services unit is to depart the firm, nine months after the Canadian bank moved to expand its custody business by acquiring the remaining half of its joint venture with Dexia.

Jose Placido, who has been with RBC for 24 years, is leaving for professional reasons, a spokesman said, adding that his departure is not connected with the acquisition of RBC Dexia Investor Service, the custody joint venture with the bank formerly known as Dexia. Placido was not available for comment.