MINNEAPOLIS AND NEW YORK, Feb. 24, 2015 /PRNewswire/ - RBC Wealth
Management-U.S. has hired 30-year financial services veteran Nuri
Benturk to lead its Corporate & Executive Services (CES) group, a new
business line that will specialize in serving corporations and their
executives.
"Public and private companies and their executives have complex needs
that require a different set of products and services," said Benturk,
director of Corporate & Executive Services at RBC Wealth
Management-U.S. "Through Corporate & Executive Services, we are giving
our financial advisors the tools, expertise and capabilities to serve
those needs."
RBC Wealth Management's network of 1,900 advisors will begin to formally
offer CES to clients this spring. Services include employee stock
option planning and administration, management of restricted stock
transactions, 10b5-1 creation and execution, and single-stock trading
for corporate executives. CES will also help connect clients to RBC's
global investment banking services to address corporate needs such as
IPOs and equity capital raises, private placements, mergers and
acquisitions advisory and debt capital raises.
"CES combines the investment expertise of RBC Wealth Management with the
investment banking capabilities of RBC Capital Markets into a single,
seamless offering," said Tom Sagissor, senior vice president and
divisional director for RBC Wealth Management-U.S. "While we have
always worked with companies and executives, CES will give these
clients access to the full breadth and depth of services we have to
offer them."
CES draws on the services of both RBC Capital Markets and RBC Wealth
Management. Benturk and his team will serve as a single point of
contact for the evaluation and execution of cross-business needs of
corporate and executive clients.
"This new role reinforces RBC's commitment to supporting our clients
with the full range of expertise and experience that RBC has to offer,"
said Blair Fleming, head of RBC Capital Markets in the U.S. "It
demonstrates the strong synergies between our wealth management and
capital markets platforms, and, in particular, how our investment
banking capabilities can be harnessed for the benefit of corporate
executive clients."
Benturk joins RBC Wealth Management from J.P. Morgan, where he was
responsible for product development at the company's private bank. He
brings with him nearly 30 of experience in global financial services.
About RBC Wealth Management - U.S.
In the United States, RBC Wealth Management operates as a division of
RBC Capital Markets, LLC. Founded in 1909, RBC Capital Markets, LLC. is
a member of the New York Stock Exchange, the Financial Industry
Regulatory Authority, the Securities Investor Protection Corporation,
and other major securities exchanges. RBC Wealth Management has more
than $281 billion of assets under administration and nearly 1,900
financial advisors operating in 200 locations in 41 states.
About RBC Capital Markets
RBC Capital Markets is the corporate and investment banking arm of RBC
and is consistently ranked among the top global investment banks. With
over 7,100 employees, RBC Capital Markets works with clients through
operations in Asia, Australia, the UK, Europe, and in every major North
American city, and provides capital markets products and services from
75 offices in 15 countries. RBC Capital Markets has major hubs in
Toronto, New York, London, Sydney, Hong Kong, and Tokyo. For more
information, please visit www.rbccm.com.
SOURCE RBC