RBC looks to profit amid European blues
By
Josh Critchley and Darrell Uden
Published February 12, 2020
|
2 min read
Global Capital published a profile on the European investment banking business of RBC Capital Markets following an interview with Josh Critchley, Head of European & APAC Investment Banking, and Darrell Uden, Head of European ECM & Corporate Broking. The feature discusses RBC’s successful European and sector build-out in investment banking and increasing focus on the opportunities from financial sponsors.
“In March, Royal Bank of Canada (RBC) will mark the new decade by moving into new European headquarters at 100 Bishopsgate in London. The timing is fitting: it is almost a decade since the lender emerged unscathed from the financial crisis and announced its ambition to become a full-service investment bank in the region.
“We remain focused on the overall profitability of the enterprise and, with one of the highest returns on equity in the sector, RBC is well-positioned to compete with the increasingly dominant US firms”
- Josh Critchley
The upcoming relocation is a sign of achievement and ongoing commitment, and, taking a 10 year view, the expansion of its investment banking business has been a success.”
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“We have globalised our ECM offering and that increases cross-border flows in a world where companies are seeking more overseas listings”
- Darrell Uden
Josh Critchley
Head, European & APAC Investment Banking
Josh Critchley is Head of European & APAC Investment Banking at RBC Capital Markets. He is a member of the RBC Capital Markets Operating Committee and the European Operating Committee, and sits on RBC’s European Executive Committee. Mr. Critchley joined RBC Capital Markets in September 2009 to lead the build-out of our European investment banking and equities platforms within Capital Markets.
Mr. Critchley has 24 years of investment banking experience, most recently at Goldman Sachs from 2004 to 2009 and before that at Merrill Lynch from 1993 to 2004. He has been responsible for the origination and execution of a significant number of transactions in a variety of industries, including for financial, consumer, telecommunication, healthcare and industrial companies.
Mr. Critchley holds a BSc from City University Business School, London.
Darrell Uden
Global Co-Head, Equity Capital Markets, Europe
Darrell Uden is the Global Co-Head of Equity Capital Markets and the European Head of Equity Capital Markets for RBC. He is also the head of our Corporate Broking business which services our retained corporate clients in the UK, and chairs the European Equity Commitment Committee. Darrell joined RBC in 2013 and has over 30 years of experience in Investment Banking, the vast majority of that time being spent in Equity Capital Markets and Corporate Broking. During his career, Darrell has also held similar positions at JP Morgan, Citigroup and UBS and has had responsibility for bookrunning and executing over 200 IPOs across the UK, Europe and Asia across a wide range of industry sectors, as well as leading the origination and execution efforts on many other Equity and Equity-Linked transactions. In his role as Head of Corporate Broking, his largest clients include companies such as 3i Infrastructure, Greencoat UK Wind, and HICL Infrastructure.
ECMEuropeFinancial SponsorsLeveraged FinanceM&A
