Jonathan Golub joins as Chief U.S. Market Strategist;
David Palmer and Nik Modi join as Consumer Analysts
NEW YORK, Sept. 4, 2013 /CNW/ - RBC Capital Markets, the corporate and
investment banking division of Royal Bank of Canada, today announced
the appointment of Jonathan Golub as Chief U.S. Market Strategist and
Managing Director. The investment bank also announced the appointments
of Institutional Investor ranked analysts David Palmer and Nik Modi to its Consumer group. Palmer
joins as a Managing Director covering food and restaurants, and Modi
joins as a Managing Director covering tobacco, household products and
beverages. All three are based in New York and report to Marc Harris,
RBC Capital Markets' Co-Head of Global Research.
Golub brings over 18 years of experience in financial services to RBC.
Prior to joining the firm, he was a Managing Director and Chief U.S.
Equity Strategist at UBS, where he was responsible for the firm's U.S.
equity outlook, S&P 500 price target, earnings forecasts and sector
recommendations. Previously, Golub worked in JP Morgan Asset
Management's U.S. Strategy group, where he served as its market
strategist and co-head of client portfolio management.
Palmer and Modi also join RBC from UBS, each with more than15 years of
prior experience. Palmer most recently served as a Managing Director
and Sector Head of UBS' U.S. Consumer group, specializing in packaged
food and restaurants. He has been ranked as runner-up or higher in
restaurants coverage over the past seven years in the Institutional Investor (II) All America Research poll. Modi, the #2 II ranked analyst for the past five consecutive years for tobacco
coverage, was a Senior Analyst specializing in tobacco and household
personal care. Both will hold similar roles at RBC, with Modi picking
up additional coverage of the beverage sector.
"As we continue to grow and strengthen our research platform in the U.S.
and globally, we are excited to add highly ranked analysts like
Jonathan, David and Nik to our team," said Harris. "We will continue to
develop, add and retain top talent across products and sectors that
will enable us to remain a leading voice in research and a top-tier
competitor on The Street."
Earlier this year, RBC hired Mark Mahaney, the #1 ranked Internet
analyst by Institutional Investor for the past five years, to lead its equity analyst coverage of the
Internet sector.
RBC Capital Markets' Global Research group, which consists of more than
370 professionals, covers a broad range of equities, bonds, currencies
and foreign exchange across the U.S., Canada, Europe, and the
Asia-Pacific region. With coverage of over 800 stocks in the U.S. and
more than 1,500 globally, RBC Capital Markets has developed a top tier
coverage footprint globally. RBC's Fixed Income team consists of
top-ranked analysts in high yield and investment grade credit, foreign
exchange, rates, and economics across North America, Europe and
Asia-Pacific. RBC Capital Markets holds in excess of 30 sector based
research conferences per year around the world including its North
America Energy conference and its Healthcare conference, each of which
has hundreds of top industry players participating.
About RBC Capital Markets
RBC Capital Markets is the corporate and investment banking arm of the
Royal Bank of Canada, the fifth largest bank in North America by market
capitalization. RBC Capital Markets is a premier investment bank that
provides a focused set of products, services and expertise to
corporations, institutional investors and governments around the world.
With more than 6,500 professionals in 15 countries, we deliver our
products and services to clients in over 100 countries through
operations across North America, Europe and the Asia-Pacific region.
For more information, please visit www.rbccm.com.
SOURCE: RBC
