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Bank of America prime brokerage executive jumps to RBC

June 14, 2017 By Lawrence Delevingne NEW YORK (Reuters) – Jonathan Yalmokas has resigned as Bank of America Corp’s head of prime brokerage in the Americas to lead an equity financing business at Royal Bank of Canada, a person familiar with the move said on Wednesday. Yalmokas will start at RBC’s New York office in September in a bid to expand its financing business for investment managers, according to the person, who was not authorized to discuss the information publicly. RBC spokeswoman Hannah Sloane confirmed on Wednesday that Yalmokas would…

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Record outbound Canadian M&A gives foreign banks an upper hand

March 21, 2017 By John Tilak TORONTO (Reuters) – A push by Canadian companies and pension funds to aggressively pursue overseas acquisitions is helping global investment banks to win a bigger share of M&A advisory mandates and prompting once-dominant domestic rivals to beef up their international operations. Canada’s outbound M&A volume hit a record $128 billion last year. Bankers expect the trend to continue as sluggish economic growth at home, and a highly-concentrated market, make domestic M&A less appealing. Enbridge’s $28-billion acquisition of U.S.-based Spectra, announced last year, was the…

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