RBC Capital Markets Plans More Hiring for US Expansion, CEO Says

Royal Bank of Canada is pushing to expand in US financial markets — where it recently landed a role in the SpaceX initial public offering and Alphabet Inc.’s massive equity capital raise — with plans to hire more senior bankers and new graduates.

The lender calls the US its “second home market,” and RBC Capital Markets, already dominant in Canada, earns half its revenue in the US. But there’s room to expand, Derek Neldner, group head and chief executive officer of the division, said in an interview. The division has added 205 people in the country in ...