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RBC Capital Markets announces co-presidents for growing
global franchise
TORONTO, February 7, 2007 — RBC Capital Markets today
announced that Doug McGregor and Mark Standish were named
co-presidents of RBC Capital Markets. Both Mr. Standish and
Mr. McGregor will report to Chuck Winograd, who will continue
as chief executive officer of RBC Capital Markets.
"This announcement reflects RBC Capital Markets' long-term
succession planning and recognizes the tremendous accomplishments
of Mark and Doug to our growth as a global wholesale bank,"
said Mr. Winograd.
RBC Capital Markets continues to build on its Canadian leadership
and to expand globally through a combination of organic growth
and acquisition. It expanded its global mining and energy
trading, research and investment banking businesses as well
as its global infrastructure business. In the U.S., it recently
acquired Daniels & Associates and Carlin Financial Group,
added a U.S.-based commercial mortgage backed securities team
to its North American real estate platform, entered the 24-hour
futures trading business and expanded its highly successful
U.S. public, infrastructure and municipal finance businesses.
In the U.K., the firm achieved Nomad status on the Alternative
Investment Market (AIM) and in Asia, expanded its structured
products capability.
As co-presidents, Mr. Standish and Mr. McGregor have joint
responsibility for chairing the Operating Committee in its
oversight of day-to-day operations globally. Mark Standish
will remain responsible for the bank's global activities in
debt markets, financial products, proprietary trading, alternative
investments, foreign exchange, commodities, prime brokerage
services and funding. Doug McGregor will remain responsible
for RBC Capital Markets' global activities in corporate finance,
mergers and acquisitions, and equity sales and trading. He
also heads the North American real estate brokerage, financing,
capital markets and advisory business.
Mr. McGregor began his investment banking career in 1979
with Pitfield MacKay Ross Limited, first in corporate finance
and then in institutional equity sales. In 1982, he joined
Marcil Trust, a real estate brokerage and advisory business.
Marcil Trust was acquired by RBC in 1990 and Mr. McGregor
became a managing director of RBC DS. Mr. McGregor is based
in Toronto.
Mr. Standish began his career in retail banking in the U.K.
in 1977 and joined RBC in 1995 as head of proprietary and
structured trading. From 1993 until 1995, Mr. Standish was
a managing director at Kidder Peabody & Company. Preceding
Kidder Peabody, he was with Lehman Brothers in New York responsible
for equity derivatives, commodity derivatives and commodity
financing. During the 1980s, Mr. Standish was with Bankers
Trust in London involved with fixed income derivatives and
proprietary arbitrage trading. Mr. Standish is based in New
York.
About RBC Capital Markets
RBC Capital Markets is the corporate and investment banking
arm of RBC and is active globally in debt origination, sales
and trading, foreign exchange, infrastructure finance, structured
products, metals and mining and energy. Its North American
equity underwriting, sales, trading and research business
dominates the Canadian market and supports a significant and
growing franchise in the U.S. middle market. Bloomberg ranks
the firm as one of the Top 20 investment banks globally. In
terms of assets, RBC is the sixth-largest bank in North America.
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For further information, please contact:
Beja Rodeck, Director, Media Relations, (416) 974-5506,
toll-free 1-888-880-2173, beja.rodeck@rbc.com
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