trending Market Intelligence /marketintelligence/en/news-insights/trending/uzyosemmc_q_0dgrv41mdg2 content esgSubNav
In This List

RBC fires head of US unit

Blog

Top 100 Banks: Capital Ratios Show Resilience to the Pandemic

Blog

Banking Essentials Newsletter: October Edition

Blog

Insight Weekly Labor market recovery hurdles power market integration nonbank MA hunt

Blog

Banking Essentials Newsletter: September Edition, Part - 2


RBC fires head of US unit

The head of Royal Bank of Canada's U.S. operations was fired for failing to disclose a workplace relationship, the Financial Times reported.

Blair Fleming was president and CEO of RBC USA Holdco Corp., and he oversaw investment banking and capital markets in the U.S., according to the report.

Fleming will be replaced by Jim Wolfe, currently head of leveraged finance, and Matthew Stompnik, co-head of financial sponsors, the Financial Times reported, citing memos from the company. Also, Derek Neldner was promoted to head of global investment banking.