RBC Capital Plans Aggressive Hiring Amid Fierce Competition (1)

Royal Bank of Canada’s investment-banking arm is looking to add to its team at a similar pace as last year, when it hired 25 managing directors globally, even amid “fierce” competition for top talent.

While the bank has spent recent years hiring leaders for businesses including technology and health care, the emphasis this year will be on broadening those teams, RBC Capital Markets Chief Executive Officer Derek Neldner said in an interview Tuesday, following the first day of the firm’s Global Financial Institutions Conference. Those hiring plans come as “the competition for talent is as fierce as I’ve seen ...