NEW YORK – September 4, 2013 - RBC Capital Markets, the corporate and investment banking division of Royal Bank of Canada, today announced the appointment of Jonathan Golub as Chief U.S. Market Strategist and Managing Director. The investment bank also announced the appointments of Institutional Investor ranked analysts David Palmer and Nik Modi to its Consumer group. Palmer joins as a Managing Director covering food and restaurants, and Modi joins as a Managing Director covering tobacco, household products and beverages. All three are based in New York and report to Marc Harris, RBC Capital Markets’ Co-Head of Global Research.
Golub brings over 18 years of experience in financial services to RBC. Prior to joining the firm, he was a Managing Director and Chief U.S. Equity Strategist at UBS, where he was responsible for the firm’s U.S. equity outlook, S&P 500 price target, earnings forecasts and sector recommendations. Previously, Golub worked in JP Morgan Asset Management’s U.S. Strategy group, where he served as its market strategist and co-head of client portfolio management.
Palmer and Modi also join RBC from UBS, each with more than15 years of prior experience. Palmer most recently served as a Managing Director and Sector Head of UBS’ U.S. Consumer group, specializing in packaged food and restaurants. He has been ranked as runner-up or higher in restaurants coverage over the past seven years in the Institutional Investor (II) All America Research poll. Modi, the #2 II ranked analyst for the past five consecutive years for tobacco coverage, was a Senior Analyst specializing in tobacco and household personal care. Both will hold similar roles at RBC, with Modi picking up additional coverage of the beverage sector.
“As we continue to grow and strengthen our research platform in the U.S. and globally, we are excited to add highly ranked analysts like Jonathan, David and Nik to our team,” said Harris. “We will continue to develop, add and retain top talent across products and sectors that will enable us to remain a leading voice in research and a top-tier competitor on The Street.”
Earlier this year, RBC hired Mark Mahaney, the #1 ranked Internet analyst by Institutional Investor for the past five years, to lead its equity analyst coverage of the Internet sector.
RBC Capital Markets’ Global Research group, which consists of more than 370 professionals, covers a broad range of equities, bonds, currencies and foreign exchange across the U.S., Canada, Europe, and the Asia-Pacific region. With coverage of over 800 stocks in the U.S. and more than 1,500 globally, RBC Capital Markets has developed a top tier coverage footprint globally. RBC’s Fixed Income team consists of top-ranked analysts in high yield and investment grade credit, foreign exchange, rates, and economics across North America, Europe and Asia-Pacific. RBC Capital Markets holds in excess of 30 sector based research conferences per year around the world including its North America Energy conference and its Healthcare conference, each of which has hundreds of top industry players participating.
About RBC Capital Markets
RBC Capital Markets is the corporate and investment banking arm of the Royal Bank of Canada, the fifth largest bank in North America by market capitalization. RBC Capital Markets is a premier investment bank that provides a focused set of products, services and expertise to corporations, institutional investors and governments around the world. With more than 6,500 professionals in 15 countries, we deliver our products and services to clients in over 100 countries through operations across North America, Europe and the Asia-Pacific region. For more information, please visit www.rbccm.com.
- 30 -
For further information, please contact:
Kait Conetta, RBC Capital Markets, 212-428-6409, email@example.com
Elyse Lalonde, RBC Capital Markets, 416-842-5635, firstname.lastname@example.org