RBC Capital Markets appoints Blair Fleming Head of U.S. Investment Banking

Jan 19, 2010, 11:18 ET from RBC

NEW YORK, Jan. 19 /PRNewswire-FirstCall/ - RBC Capital Markets today announced the appointment of Blair Fleming as Head of U.S. Investment Banking, based in New York. In this role, Fleming will oversee RBC Capital Markets' investment banking businesses in the United States, which includes corporate finance industry groups, mergers & acquisitions, leveraged finance and restructuring.

Throughout his 20-plus year career with RBC, Fleming has held numerous senior roles in the firm's Global Investment Banking and Global Debt Markets businesses, including his most recent responsibilities as the Head of Global Syndicated & Leveraged Finance and Global Infrastructure. Under Fleming's leadership, RBC's Global Syndicated & Leveraged Finance business - bolstered by RBC's strong balance sheet - has enjoyed a track record of success that includes a top-five position in the North American syndicated and leveraged loan market.

"Blair's long career with RBC, diverse business background and deep client relationships make him a natural fit to lead our U.S. investment banking business," said Doug Guzman, RBC Capital Markets' Head of Global Investment Banking. "Blair's proven track record of success spans across his senior managerial, coverage and transaction responsibilities. His leadership has been instrumental to the growth of our platform."

Fleming will lead RBC's expanding U.S. investment banking platform. In the past year, RBC Capital Markets has hired more than 100 senior professionals. Recently, more than a dozen senior investment bankers have joined RBC's U.S. investment banking platform to bolster various industry and product groups including real estate, financial institutions, consumer, healthcare, technology, financial sponsors and leveraged finance. The firm has also recently formed new aerospace & defense, restructuring and transportation groups in the U.S.

Fleming's focus will be to continue to build RBC's U.S. investment bank - its business, team and client relationships - in a coordinated way across the organization to best take advantage of links between geographies, divisions, client groups and product teams.

About RBC Capital Markets

RBC Capital Markets is the corporate and investment banking arm of the Royal Bank of Canada and is active globally in debt and equity origination, sales and trading, foreign exchange, infrastructure finance, and structured products across a number of industry sectors. Its North American platform includes a significant U.S. investment banking franchise and leading equity and fixed income underwriting, sales, trading and research businesses.