RBC expanding corporate and investment banking in Paris

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Royal Bank of Canada is expanding corporate and investment banking operations in Paris, taking on local and foreign rivals to tap the French market for financing, debt and equity sales, and merger and acquisition advice.

'After building a powerful U.K.-based platform, France and Germany have become the strategic frontier for RBC’s development in Europe', Eric Meyer, head of France at RBC Capital Markets, said in an April 17 interview in Paris. 'Large French companies are doing well, they are global, ambitious and growing'.

Bloomberg News reports that RBC ranks 10th globally this year in equity sales, and 13th in corporate bond sales, according to data compiled by Bloomberg. The bank also ranks 22nd this year in M&A advice.

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