RBC Appoints Fleming as Head of U.S. Investment Bank
RBC Capital Markets appointed Blair Fleming as head of U.S. investment banking to help lead an expansion of its business outside Canada.
Fleming, 48, oversees corporate finance industry groups, mergers and acquisitions, leveraged finance and restructuring in the U.S. with the new role, the Toronto-based bank said today in a statement. Fleming, who joined RBC in 1986, is based in New York.
RBC Capital Markets has been expanding its U.S. business, hiring more than 100 senior bankers in the past year and adding new industry expertise. The investment banking unit of Toronto- based Royal Bank of Canada, the country’s largest bank by assets, created U.S. groups for transportation and restructuring.
The transportation group is led by Michael Coyne, who was hired from Piper Jaffray Cos. RBC hired former UBS AG banker Jeff Gelles for the restructuring advisory and finance group. He’s joined by Erwin Mock, who also worked at UBS.
RBC also said today it expanded its leveraged finance business by hiring David Wirdnam and Scott Schlossel, a former Lehman Brothers banker, as managing directors. Michael Barrish, hired from Bank of America Merrill Lynch, joined as a director.
Other hires include Kete Cockrell, hired from Credit Suisse Group AG to head the firm’s high yield capital markets group, and Andrew Apthorpe, previously with Deutsche Bank AG, as global co-head of convertible and equity-linked origination.
John La Voie, previously with JPMorgan Chase & Co., was hired as managing director for its U.S. financial sponsor group, and is based in San Francisco. Greg Park was hired from CIT Group Inc. to work as a managing director for RBC’s health-care group, and Jeff Schiamberg was hired from Bank of America to be managing director for the consumer/retail group.
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Tags: Finance