After shuffling its top investment-banking brass and adding more than a dozen senior bankers in recent months, Royal Bank of Canada is looking to advise its U.S. corporate clients on bigger deals.
The strategy is already starting to bear fruit. Royal Bank of Canada was the sole adviser to BB&T Corp. in its planned $28 billion acquisition of SunTrust Banks Inc., the world’s largest bank merger in more than a decade. The firm also advised Melrose Industries Plc on its $11 billion takeover of GKN Ltd. and it helped arrange the financing for mega-deals involving Walt Disney Co. and T-Mobile US Inc.
