RBC Mortgage Names Wholesale Chief

Randy Lightbody has been appointed managing director of the wholesale division of RBC Mortgage Co., Houston.Mr. Lightbody will manage the company's wholesale sales and operations throughout the United States. He served most recently as national production manager and executive director of lending at Morgan Stanley, where he was on the team that launched the organization's residential conduit business in 2003, RBC said. Mr. Lightbody previously served as senior vice president and national sales manager of Bank One's wholesale and correspondent businesses. RBC said its wholesale division generated more than $6 billion in production volume in 2004 through more than 25,000 loans, accounting for 38% of the company's annual volume. RBC Mortgage, an indirect, wholly owned subsidiary of Royal Bank of Canada, can be found online at http://www.rbcmortgage.com.