Bloomberg News

RBC Adds North Sea’s Fishlow Minter for Loan Capital Markets

July 11, 2011

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July 11 (Bloomberg) -- RBC Capital Markets hired Judith Fishlow Minter to co-head U.S. loan capital markets as the investment-banking arm of Royal Bank of Canada boosts its share of underwriting bank debt.

Fishlow Minter will lead the New York-based business with Miguel Roman, the firm said today in an e-mailed statement. She joined from North Sea Partners LLC, where she was a managing partner, and previously ran Citigroup Inc.’s loan syndicate for North America.

RBC has climbed to 11th most-active underwriter of leveraged loans in the U.S. this year, from 15th in 2010, according to data compiled by Bloomberg. Last month the bank said it combined its new-issue and secondary loan sales team and hired Sean Peters from Citigroup.

Standard & Poor’s LCD first reported Fishlow Minter’s move, citing an internal memo.

The U.S.-based brokerage unit of Royal Bank of Canada has also seen departures. Elizabeth Kullman, who sold high-yield debt, was no longer registered with the firm as of July 11, according to records maintained by the Financial Industry Regulatory Authority Inc.

High-yield, high-risk bonds and leveraged loans are rated below Baa3 by Moody’s Investors Service and less than BBB- by Standard & Poor’s.

--Editors: Pierre Paulden, Mitchell Martin

To contact the reporter on this story: Doug Alexander in Toronto at; Lisa Abramowicz in New York at

To contact the editors responsible for this story: David Scanlan at; Alan Goldstein at

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