RBC Adds Senior Credit Traders From Goldman Sachs, Credit Suisse

  • Fitzpatrick focuses on banks; Goldman's Murphy on energy
  • Lender also is reorganizing its New York credit-research desk

Royal Bank of Canada hired senior traders from Credit Suisse Group AG and Goldman Sachs Group Inc. for its investment-grade sales desk as the firm also realigned its New York credit-research operations.

Kieran Fitzpatrick, formerly of Credit Suisse, started Monday and focuses on banks and financial-services firms, while Goldman Sachs’s Katie Murphy joins in May as an energy and chemicals trader, the Toronto-based bank said Tuesday in a memo to employees that was obtained by Bloomberg. The investment-grade trading desk is run by Doug Colandrea.

Royal Bank also said it’s moving the New York credit-research team into the global fixed-income and currencies group, similar to changes it made in London earlier this year. The 12-member team will be led by Raymond Leung and Jason Mandel, according to the memo.

The change will help Royal Bank in “meeting the demands of internal and external constituents, as well as our evolving regulatory obligations,” according to the memo.

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