Canada's best investment bank 2020: RBC Capital Markets
Awards for Excellence 2020
Until the coronavirus crisis, it was a familiar year for RBC Capital Markets in the awards period. As usual, the bank faced strong individual competitors in almost every business, product or sector in which it operates, but no firm rivals it across the board.
The portfolio effect of its leading or close-to-leading positions across its businesses and outperformance in those areas where market volumes were down make it, once again, Canada’s best investment bank.
Those factors are also why Trevor Gardner, head of Canadian investment banking, considers the franchise’s scope to be its biggest asset. “The best strength of the platform is the breadth of the platform,” he tells Euromoney.
In M&A advisory, RBC’s competitors were once again the global banks. But it ranked second overall in completed deals with any Canadian involvement for the period. It was by far the leading Canadian bank, with a market share some 10 percentage points above its closest domestic rival and nearly twice as many deals.
Momentum for the year ahead also looked excellent, with the bank up from seventh place to second in all announced deals in the period.