RBC Capital Markets, the corporate and investment banking arm of Royal Bank of Canada has hired 11 bankers from Bear Stearns to form a new US institutional equity sales and trading team to be based in London and Switzerland, Hedge Week reports.
Tim Allen joins RBC Capital Markets as Managing Director and Head of US Institutional Equity Sales from Bear Stearns, where he spent the last 18 years, most recently as Head of US Equity Sales, Europe.
The new team will leverage RBC Capital Markets’ well-established US research and trading flows, emanating from its New York office, to provide full coverage, advice and US equity products to RBC’s European institutional and hedge fund clients, particularly in France, Italy, Germany,Switzerland and Austria.
The full article is available at the Hedge Week web-site.
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