Doug McGregor, group head, RBC Capital Markets and RBC Investor & Treasury Services, will retire on January 31, 2020 after 37 years at the bank
“Under Doug’s leadership, RBC Capital Markets has executed on a successful growth strategy to create a top 10 global investment bank with a strong client focus, exceptional talent, and a disciplined approach to risk management,” said Dave McKay, CEO of RBC. “Doug will be leaving the business well-positioned for continued success. His leadership of the business and in the industry have been exemplary, and we wish him all the best in his retirement.”
McGregor joined RBC in 1983 and held progressively senior roles at the bank, becoming Capital Markets CEO in 2008. He assumed responsibility for Investor & Treasury Services in 2012.
Derek Neldner, Global Head of Investment Banking at RBC Capital Markets, has been appointed group head, Capital Markets, effective November 1, and will join RBC’s Group Executive as one of the 10 executives responsible for setting the overall strategy for the bank, reporting to McKay.
On November 1, McGregor will become chairman, RBC Capital Markets through to his retirement.
Neldner joined RBC in 1995, and has held increasingly senior roles across the investment bank. Previously, he was head of Canadian & Asia Pacific Investment Banking, head of Canadian Energy Investment Banking and a managing director in Equity Capital Markets. In his current role as global head of Investment Banking, he is responsible for some of the firm’s most important corporate and institutional client relationships. He has been instrumental in maintaining RBC Capital Markets’ leading position in Canada while growing the business in key U.S. and global markets.
“Derek has an outstanding track record in leadership and in delivering strong business value. His focus on building deep relationships with a global client base and attracting and retaining top talent, coupled with his sound judgment and prudent approach to risk, position him well to lead this important global business and contribute to RBC’s overall strategy,” said McKay.
Also, effective November 1, Mike Bowick will be appointed president, RBC Capital Markets. Bowick will report to Neldner and he will continue to be responsible for the Global Markets business and Treasury Market Services operations.
In addition, Doug Guzman, group head, Wealth Management & Insurance, will assume leadership for Investor & Treasury Services. Francis Jackson, CEO, Investor Services, will report to Guzman. Investor & Treasury Services will continue to report as its own business segment.
