RBC names new head of global investment banking as it focuses on international growth

launched a leadership shakeup in its capital markets division as the lender seeks out growth globally.

RBC has been ramping up its focus on growing its global investment banking business. Its capital markets business holds 10 per cent of the market share in Canada, ranking it as the top corporate and investment bank in the country.However, the U.S. – which RBC considers to be its second home market – accounts for 56 per cent of the bank’s global fee pool.

Last year, RBC advised – and acted as joint lead with Bank of America – on jam and jelly maker J.M. Smucker Co.’s US$5.6-billion acquisition of Twinkies maker Hostess Brands Inc. Trevor Gardner, head of Canadian investment banking in Toronto, will oversee global investment banking coverage. Head of Canadian mergers and acquisitions Ben Mandell in Toronto will lead global mergers and acquisitions.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

RBC names insider Stopnik as global investment banking headThe bank also named Vito Sperduto as the head of RBC Capital Markets in the U.S. RBC, which recognizes a 10% share in investment banking in its home turf...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

RBC names insider Stopnik as global investment banking headExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »

RBC Taps Stopnik to Lead Revamped Global Investment-Banking UnitRoyal Bank of Canada has adopted a global structure for its investment-banking business and tapped Matthew Stopnik to head up the division.
Source: BNNBloomberg - 🏆 83. / 50 Read more »