RBC Capital Markets has appointed Giles Gleave and Mike Heraty as its newest managing directors, according to an internal memo seen by The TRADE.
Heraty is set to take on the role of head of US equity solutions and structured product sales, whilst Gleave has been appointed as head of European equity solutions.
Heraty was previously at Credit Suisse where he spent four years as head of North American equity derivative sales. Before that, he worked at Bank of America for 11 years, most recently as head of North American equity client solutions sales and structuring.
In this new role, he will be based in New York and focus on growing RBC’s equity structured product and Quantitative Investment Strategies (QIS) business with both institutional and private bank clients.
Heraty will report to Sian Hurrell, head of global sales and relationship management and global markets Europe.
Prior to this move, London-based Gleave was head of equity solutions for EMEA at Nomura and has also previously held senior positions at investment banks Morgan Stanley Bank of America, and Lehman Brothers.
As head of European equity solutions, he is set to expand RBC’s North American corporate equity derivative (CED) offering across Europe and work on increasing cross-border connectivity with North America for its European clients.
As part of this push for greater cross-border collaboration, Gleave will report to both Jason Goss, head of European solutions and structured product sales, and Graeme Bath, global head of corporate equity derivatives.
He will partner with several private side teams, such as: European solutions, equity capital markets and global investment banking, according to the internal memo.
Earlier this month, The TRADE reported that RBC’s co-head of European electronic sales and trading, Bianca Gould, was set to leave the bank after almost three years as part of streamlining measures across the electronic trading business.