Royal Bank of Canada has hired industrials bankers Kinjal Gandhi and Alex Choi as the country's largest bank continues to build out its investment banking franchise.
New Managing Directors Join RBC Capital Markets
Gandhi joins RBC Capital Markets as a managing director from Barclays PLC, while Choi joins as a managing director from Bank of Montreal, according to an internal memo reviewed by Bloomberg News. Gandhi specializes in industrial technology and electrification, while Choi focuses on capital goods and diversified industrials, the memo from Matthew Stopnik, head of global investment banking, stated.
A representative for RBC confirmed the contents of the memo but declined to comment further. Representatives for Barclays and Bank of Montreal did not immediately respond to requests for comment.
RBC's Hiring Blitz Continues
RBC has been on a hiring spree since last year as it seeks to expand its share of the intensely competitive investment banking market. The firm has hired 30 managing directors globally since the beginning of 2025 and landed several major deals this week, including co-advising TopBuild Corp. on its $17 billion sale to QXO Inc.
RBC also advised Secure Waste Infrastructure Corp. on its $6.4 billion sale to GFL Environmental Inc. and First Capital REIT on its $9.4 billion sale to a consortium including KingSett Capital Inc.
Additional Recent Hires
Thursday's memo also highlighted two other recent hires: James Millar, who joined as head of technology, media and telecommunications debt capital markets from JPMorgan Chase & Co., and Patrick Hamer, who joined as managing director in equity capital markets from JPMorgan Chase & Co. to lead origination in energy, power and utilities and infrastructure.
