RBC Capital Markets Appoints Key US Investment Banking Hires

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RBC Capital Markets has announced it has appointed Mark Goldstein as a Managing Director in its U.S. Financial Sponsors Investment Banking group and Charles Smith as a Managing Director in its U.S. Leveraged Finance Investment Banking group.

Goldstein will be based in New York, reporting to Blair Fleming, Head of U.S. Investment Banking. Smith, also based in New York, will focus on the Consumer & Retail and Industrial sectors, and report to Jim Wolfe, Head of U.S. Leveraged Finance Investment Banking.

The arrival of Goldstein and Smith demonstrates the strong relationship between the build out of the U.S. Leveraged Finance and the Financial Sponsor groups at RBC. The expanded Financial Sponsors and Leveraged Finance teams work across industry lines to provide sector-specific product coverage to drive growth in the firm’s origination and distribution of leveraged finance transactions in the U.S.

Goldstein has 25 years of investment banking experience, and joins RBC from JP Morgan, where he most recently served as Head of Restructuring and Liability Management for Europe, the Middle East and Africa (EMEA). Prior to that, he spent nearly 15 years at Bear Stearns where he served as Co-Head of European Investment Banking and Leveraged Finance. During his tenure, Goldstein helped found the firm’s Financial Sponsors group and was a member of its International Executive Committee.

Smith has nearly 20 years of experience in debt, capital markets and restructuring. He spent 18 years at JP Morgan, most recently as a Managing Director in the Syndicated and Leveraged Finance group, where he focused on the Consumer & Retail sector. Prior to joining RBC, Smith was at Loughlin Meghji, where he served as Head of Corporate Finance.

'RBC’s Financial Sponsors and Leveraged Finance groups strive to deliver a broad range of services to our clients and bringing on industry veterans, such as Mark and Charlie, further strengthens our capabilities', said Fleming. 'As we continue our accelerated focus on Financial Sponsors and Leveraged Finance, the scope of Mark and Charlie’s expertise combined with their impressive track record will be greatly beneficial to RBC Capital Markets’ clients'.

Goldstein and Smith’s arrival is a further indication of RBC Capital Markets’ continued expansion of its investment banking platform. Earlier this month, RBC launched a new U.S. Automotive Investment Banking group and announced the arrival of Justin Mirro to lead the new team. In May, the firm added Bill Drewry, Managing Director, to its U.S. Communications, Media & Entertainment group to lead its Media effort. In April, RBC added three Managing Directors, including: Joseph Carey in the Energy group; Doug Yablonski in the M&A group; and David Nadelman in the Loan Capital Markets group.

Since January 2010, RBC Capital Markets’ U.S. Investment Banking group has added over 130 professionals and has increased its sector coverage across the platform.In Europe, RBC Capital Markets has also been steadily growing its investment banking platform. Now with approximately 120 bankers in Europe, the firm covers the industrials, mining and metals, oil and gas, financial services, infrastructure, and business services sectors. Mark Preston, head of UK advisory, and Kevin Smith, head of M&A Europe, are the firm’s most recent high profile hires in Europe.

RBC Capital Markets’ investment banking division currently covers 13 industries from the U.S., including Aerospace & Defense / Government Services; Automotive; Communications, Media & Entertainment; Consumer & Retail; Energy; Financial Institutions; Industrials & Diversified Services; Infrastructure; Healthcare; Power & Utilities; Real Estate; Technology; and Transportation.

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