RBC Capital Markets LLC is adding to its U.S. financial institution investment banking coverage with the hiring of Dane Graham.

An RBC spokesperson said Graham is expected to start with the company May 14 as a managing director. Graham will work with Peter Spinelli and focus on asset and wealth manager strategic and financial advisory.

Graham, who previously worked Citigroup Global Markets Inc., will be based in New York and report to Vinnie Badinehal, RBC's head of investment banking for the U.S. financial institutions group. Badinehal joined RBC in 2017 and has been looking to expand the team's focus.

Some of RBC's investment banking involvement in the asset management space include advising on Global X Management Co. LLC's announced sale to Mirae Asset Global Investments Co. Ltd. and Denver Investment Advisors LLC's pending sale to Segall Bryant & Hamill LLC.