RBC Hires Bankers Including Brady to Expand U.S. Investment-Banking Unit

RBC Capital Markets hired John Brady and four other bankers to expand its U.S. investment-banking business in New York.

Brady was named co-head of U.S. real estate, the Toronto- based firm said in an e-mailed statement today. Brady, who last served as an executive partner at Menlo Park, California-based private equity firm GI Partners, has 25 years experience including posts at Merrill Lynch & Co. and UBS AG, where he was co-head of the Americas lodging and real estate group.

RBC Capital Markets is expanding investment-banking services to become a top-10 firm in the U.S. The unit of Royal Bank of Canada, the country’s largest lender, has hired more than 100 bankers in the U.S. this year to boost coverage of industries including restructuring and aerospace, and areas such as mergers and leveraged finance.

RBC also hired former JPMorgan Chase managing director Marc Berman as head of its insurance group and Jay Broaddus, a former Barclays Capital banker who last worked at Cantor Fitzgerald, as managing director for the consumer group. Grant Tolson was hired as a director in the insurance group, and Marc Layne as director for technology business.

To contact the reporter on this story: Doug Alexander in Toronto at dalexander3@bloomberg.net

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