Royal Bank of Canada RY-T launched a leadership shakeup in its capital markets division as the lender seeks out growth globally. Co-head of U.S. investment banking Matthew Stopnik will become head of global investment banking as part of a restructuring that creates three new teams focused on building the bank’s business across markets internationally. His fellow co-head, Jim Wolfe, takes on the role of head of the global investment bank’s capital markets unit in New York, leading leveraged lending and equity and debt offerings. Trevor Gardner, head of Canadian investment banking in Toronto, will oversee global investment banking coverage. RBC also tapped Vito Sperduto as head of capital markets in the U.S. to co-ordinate efforts to bolster growth in the highly competitive market.

Source: International New York Times May 13, 2024 20:33 UTC