- Royal Bank of Canada has named insider Matthew Stopnik head of global investment banking as part of a larger restructuring within the unit, according to a memo seen by Reuters on Monday.Related stories
RBC, which recognizes a 10% share in investment banking in its home turf, Canada, also has ambitions to venture further into the U.S. market, representing 56% of the global investment banking fee pool. As per the memo, RBC generated about $4 billion in revenue from its U.S. Capital Markets business, last year."Vito’s appointment reflects our increased focus on the U.S. as our second home market and the importance of the bank’s overall U.S. strategy as a driver of growth," said Derek Neldner, CEO and Group Head of RBC Capital Markets.RBC has also launched three new global groups within investment banking to assist the Canadian bank in boosting market share and accelerating growth.
Stopnik joined RBC Capital Markets in January 2015 following almost two decades at UBS Investment Bank.Sperduto, an investment banking veteran, was most recently the Global Head of M&A at RBC Capital Markets.It has been our privilege to have the trust and support of our East Coast communities for the last 200 years. Our SaltWire team is always watching out for the place we call home.
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