RBC Said to Hire Carlisle to Lead EMEA Chemical M&A Advising

  • Carlisle expected to start work at RBC early next month
  • New head of chemical dealmaking will report to Mark Preston

Royal Bank of Canada has hired Chris Carlisle to lead its advising on chemical industry mergers and acquisitions across Europe, the Middle East and Africa, according to people with knowledge of the situation.

Carlisle, a 17-year veteran of chemical deals, is expected to join RBC Capital Markets early next month as a managing director based in London, said the people, who asked not to be identified because the information hasn’t been released publicly yet. He will report to Mark Preston, head of industrials and services at RBC.

RBC is strengthening its chemicals team in a year when the value of M&A in the industry is poised to reach a record. Mega-deals such as the Dow Chemical Co. - DuPont Co. tieup and ChemChina’s $43 billion planned purchase of Syngenta AG are propelling consolidation, according to a report by AT Kearney. The 2016 total could be double last year’s $110 billion and beat the previous record of $151 billion, set in 2011, the U.S. consultancy said earlier this year.

Carlisle joins RBC from a similar role at Japan’s Nomura Holdings Inc., which recently cut headcount and scaled back its investment banking operation in Europe and the U.S. He also worked at Bank of America Merrill Lynch and Dresdner Kleinwort.