RBC Capital Markets adds Marc Daniel to M&A Group

NEW YORK, June 8 /PRNewswire-FirstCall/ -- RBC Capital Markets, the corporate and investment banking arm of RBC Financial Group , today announced that it has named industry veteran Marc Daniel as the senior New York-based managing director in its Mergers & Acquisitions group. He will be responsible for generating and supporting the overall M&A effort with a special focus on working with private equity firms.

Daniel was most recently senior managing director at Bear Stearns & Co. where he built one of the top middle market Exclusive Sales franchises on Wall Street leading deals in a wide range of industries. While there, he was responsible for a multitude of the firm's private equity relationships.

"In a relatively short time frame, Marc established one of the leading Exclusive Sales units on Wall Street, and he has a proven success rate in closing deals," said Allen Morton, head of U.S. M&A at RBC. "His hiring will solidify an already impressive roster of talent in our Mergers & Acquisitions group and puts us in an even more enviable position in the marketplace."

Prior to his tenure at Bear Stearns, Daniel spent more than six years in the M&A group at Merrill Lynch & Co. where he led a number of marquis transactions.

Daniel completed his undergraduate studies at Princeton University and received his JD and MBA degrees from the University of Chicago.

About RBC Capital Markets

RBC Capital Markets is the corporate and investment banking arm of RBC Financial Group, the global brand name of Royal Bank of Canada (RY: TSX, NYSE). The firm is Canada's leading underwriter of debt and equity securities and ranks among the top 10 M&A advisors in North America. It offers institutional clients a global reach in selected products and industry sectors with a strong focus on U.S. mid-market companies. Royal Bank of Canada is Canada's largest bank as measured by assets. RBC is a leading diversified financial services company in North America with over 60,000 employees and 12 million clients through offices in some 30 countries worldwide. For additional information, please visit: http://www.rbccm.com/.