RBC Capital Markets appoints co-heads of its Global Energy
Top-ranked research team continues to expand
RBC Global Energy and Power Conference underway in New York
NEW YORK and TORONTO, June 2, 2009 — RBC Capital
Markets today announced the appointment of Kurt Hallead and
Greg Pardy as Co-Heads of Global Energy Research to oversee
the firm's growing global energy research platform.
In these new positions, Hallead and Pardy will coordinate
research on macro themes, oversee expansion of the firm's
coverage universe and direct overall research strategy, in
addition to continuing their current publishing and research
roles with the firm.
"The energy industry is a core competency of RBC. By
coupling the expanded capabilities of our global research
platform with our deep relationships and insights into the
sector, we can help our clients better position themselves
to capitalize on the world's growing demand for energy,"
said Hallead, who is based in Austin.
Under the leadership of Hallead and Pardy, RBC will bolster
its already robust global energy research platform to include
the integrated oil and international energy services sectors
as well as increase its focus on commodities. Currently, the
firm's energy research platform includes traditional exploration
and production companies and energy services, as well as energy
infrastructure, master limited partnerships, power and utilities.
"Our extended research focus will provide clients with
a full spectrum of investment ideas in the global energy sector
through insightful, thematic and original research. Few banks
are as committed to the energy industry, or to providing this
level of high quality research on its various sub-sectors,
as RBC," added Pardy, who is based in Toronto.
RBC will showcase its global energy platform at its annual
Global Energy and Power Conference which is being held June
1 - 2, 2009, at the Ritz-Carlton Battery Park in New York.
More than 400 institutional investors and corporate executives
from 200 presenting companies in the exploration and production,
oilfield services, energy technology and power sectors will
be in attendance.
A Top 5 Global Energy Research, Trading and Banking Platform
RBC's Global Energy team ranks among the top five global energy
research platforms in financial services, based on breadth
of coverage. The team features more than 30 research professionals
based in Austin, Calgary, Dallas, Edinburgh, Houston, New
York, Toronto and Vancouver, who cover more than 230 energy
and energy infrastructure equities and fixed income securities.
"More and more clients are demanding sophisticated coverage
that can only be achieved through a strong presence in research,
banking and trading, and we are building just that. The growth
potential for our global energy research franchise is extremely
promising," said Hallead.
RBC is ranked among the most active traders of equity and
fixed income securities related to the energy sector in North
America and Europe. Its global energy corporate and investment
banking teams have nearly 100 professionals located in Calgary,
Houston, London and Toronto dedicated to the energy sector.
RBC's Commodities group also has sought to expand its footprint
strategically in the energy sector. Today, oil, natural gas
and power currently represent the primary portfolios with
more than 30 professionals situated in Toronto, Calgary, Houston
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
platform includes a significant U.S. middle market investment
banking franchise and leading equity, underwriting, sales,
trading and research businesses. Bloomberg ranks the firm
as a top 20 investment bank globally.
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