RBC Capital Markets has appointed Mitul Patel director, central bank sales, based in London.
As part of the role, Patel will hold responsibility for distributing global rates product, alongside collaborating closely with global trading teams, internal partners in DCM, syndicate, and sales to execute strategy and drive growth.
In addition, Patel will support the execution of RBC’s global distribution strategy and coverage model for the central bank and sovereign wealth fund client base.
He will report to Kofi Oteng, European head of flow rates sales, The TRADE understands.
“Mitul’s appointment and the expansion of RBC’s central bank coverage model demonstrates an ongoing commitment to driving growth and increased relevance with international investors in global markets flow product,” said RBC in a memo.
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Patel brings more than 20 years’ industry experience to the role, primarily across rates and FX.
He joins from HSBC, where he most recently he held responsibility for primary coverage on G10 rates for reserve managers and UK real money clients.
Patel appointment follows Elsa Lignos’ expanded role as global head of central bank coverage – global markets, in addition to global head of FX strategy and head of European institutional FX sales and futures, last year.