RBC Capital Markets appoints David Pichler head of U.S.
Credit Trading
NEW YORK, January 15, 2008 — RBC Capital Markets
today announced the appointment of David Pichler as managing
director, head of U.S. Fixed Income & Currencies (FIC)
Credit Trading. In this role, Pichler will be responsible
for Investment Grade trading, High Yield trading and Secondary
Loan Trading in the U.S. He will be based in New York.
"To best serve our clients, we believe this is an ideal
time to combine the management of risk across our secondary
credit businesses to align with the natural evolution of the
credit markets," said Jonathan Hunter, global co-head
of RBC Capital Markets Fixed Income & Currencies business.
"We're excited to have David on board to lead that effort."
Prior to joining RBC, Pichler spent his entire 15-year career
at Citigroup/Salomon Brothers, where he was most recently
co-head of Global Credit Trading. Previously, he was the firm's
head of U.S. Investment Grade Trading.
"The current market environment offers an ideal opportunity
to build a substantial, integrated secondary credit business
at such a well-capitalized, respected firm as RBC," said
Pichler. "I'm delighted to be joining the firm."
In his new role, Pichler will work closely with his RBC partners
in high yield origination and sales, syndicated finance, debt
capital markets, and credit sales to ensure seamless alignment
between the firm's secondary trading and new issue platforms.
"A strong secondary credit business will strengthen
our origination activities and further expand our sector-focused
U.S. platform as we continue to build a top-tier global fixed
income business," said Hunter. "We continue to invest
resources in our U.S. business to provide clients with the
highest quality of debt products and services, in keeping
with what our clients have come to expect from RBC worldwide."
About RBC Capital Markets Global Fixed Income & Currencies
RBC Capital Markets' global fixed income business of nearly
1,300 employees serves over 6,000 active investors and issuers
through 50 offices in 10 countries. With trading hubs in London,
New York, Sydney, Tokyo and Toronto the bank is a market-maker
in all major and many emerging market currencies and provides
24-hour pricing, sales and trading operations. RBC Capital
Markets is a leader in sterling and alternative dollars, with
a growing presence in US dollars and select emerging markets.
RBC Capital Markets is ranked #1 in both the Maple and Kangaroo
bond markets and in U.S. Negotiated Municipal bonds. With
a focused expertise in commodity-linked currencies, the bank
offers a full range of derivative products and provides tailored
solutions for its clients. The firm is a leading provider
of FX market research and strategy with dedicated research
teams for high-yield, emerging market and investment grade
bonds located in Europe, Canada and the U.S.
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For more information, please contact:
Kevin Foster, RBC Capital Markets, (212) 428-6902, kevin.foster@rbccm.com
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