RBC Capital Markets Hires Head of Investment Banking in Australia

 

Sydney, November 6,  2008 - RBC Capital Markets, the corporate and investment banking arm of Royal Bank of Canada (RY on TSX and NYSE), today announced the appointment of Richard Barker as Head of Global Investment Banking, Australia, based in RBC's Sydney office.  Richard will spearhead RBC's growing mining investment banking business in Australia and Asia.

 

Barker joins RBC Capital Markets with more than 20 years investment banking and corporate advisory experience, including 10 years at NM Rothschild & Sons (Australia) Ltd, where he was Executive Director, Mergers & Acquisitions. He has advised corporate clients on a broad array of transactions across multiple product lines including mergers, acquisitions, divestitures and debt and equity financings. 
 

Gordon Bell, RBC's Global Head of Mining and Metals, said: "Richard is a very experienced banker and an excellent addition to RBC's business in Australia and our Global Mining platform.  Richard's appointment demonstrates our commitment to building our investment banking business globally by hiring talented individuals. 

 

"This latest hire is further proof that RBC's strength and stability is proving attractive to high quality candidates as well as to clients and investors who increasingly value a strong and stable partner."

 

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Media Enquiries:

Greentarget, London

Anna Watson / Phillippa Cantrell

Telephone: +44 (0)20 7680 5052 / 5063

 

RBC Capital Markets

Louisa Fairman / Beverley Weber

Telephone: +44 (0)20 7029 7821 / 7685

 

About RBC Capital Markets

RBC Capital Markets is the corporate and investment banking arm of Royal Bank of Canada (RBC) and is the 12th largest investment bank globally (Bloomberg, April 2008).  RBC is active globally in fixed income, foreign exchange, infrastructure finance, metals, mining and energy through 75 offices in 16 countries.  Our international fixed income and treasury businesses are managed from London, which is the centre of a 24-hour trading platform, with major hubs in London, Sydney, New York and Toronto. For more information, please visit www.rbccm.com

 

About RBC

RBC (RY on TSX and NYSE) is Canada's largest bank as measured by assets and market capitalisation (market capitalisation of C$62 billion as at 12/9/08). RBC is the 5th largest financial institution in North America and ranks among the top 25 banks in the world (#15 as at 12/9/08). RBC has over 75,000 employees globally, serving more than 16 million personal, business, public sector and institutional clients through offices in 47 countries around the world. RBC has a solid liquidity position and is well positioned relative to its peers. RBC's Tier 1 capital ratio of 9.5% is well above most global financial institutions and its senior debt ratings are among the highest of financial institutions globally: S&P AA- (stable); Moody's Aaa (stable); Fitch AA. RBC was named "2007 Bank of the Year" in Canada by The Banker. RBC has been named the safest bank in Canada and 3rd safest in North America (Global Finance 1999-2007). For more information, please visit www.rbc.com