RBC Capital Markets Names New Co-CEOs
September 24, 2008
RBC Capital Markets, the corporate and investment banking arm of Royal Bank of Canada, has appointed Doug McGregor chairman and co-CEO, and Mark Standish president and co-CEO. These appointments are effective Nov. 1 in connection with the retirement of chairman and CEO Charles Winograd, who will remain with the bank into January 2009 to facilitate the transition.
McGregor, who will continue to be based in Toronto, will assume responsibility for driving client relationships, as well as managing the firm's investment banking, equity agency trading and credit businesses. Standish will have responsibility for the firm's sales and trading activities, financing, and oversight and management of the firm's balance sheet. He will continue to be based in New York.
McGregor and Standish were appointed co-presidents of RBC Capital Markets in February 2007. McGregor led the firm's global investment banking business and was responsible for its global activities in corporate finance, mergers and acquisitions, and equity sales and trading. He also headed the North American real estate brokerage, financing, capital markets and advisory business. McGregor started his investment banking career in 1979 and joined RBC as a managing director in 1990 through the acquisition of Marcil Trust.
In his role as co-president, Standish led the firm's global markets business, including global debt markets, financial products, debt finance, fixed income and foreign exchange, as well as municipal finance. Standish joined RBC in New York in 1995 as head of proprietary and structured trading.
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