RBC Wealth Management-U.S. has hired 30-year financial services veteran Nuri Benturk to lead its Corporate & Executive Services (CES) group, a new business line that will specialize in serving corporations and their executives.
"Public and private companies and their executives have complex needs that require a different set of products and services," said Benturk, director of Corporate & Executive Services at RBC Wealth Management-U.S. "Through Corporate & Executive Services, we are giving our financial advisors the tools, expertise and capabilities to serve those needs."
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RBC Wealth Management’s network of 1,900 advisors will begin to formally offer CES to clients this spring. Services include employee stock option planning and administration, management of restricted stock transactions, 10b5-1 creation and execution, and single-stock trading for corporate executives.
CES will also help connect clients to RBC’s global investment banking services to address corporate needs such as IPOs and equity capital raises, private placements, mergers and acquisitions advisory and debt capital raises.
"CES combines the investment expertise of RBC Wealth Management with the investment banking capabilities of RBC Capital Markets into a single, seamless offering," said Tom Sagissor, senior vice president and divisional director for RBC Wealth Management-U.S. "While we have always worked with companies and executives, CES will give these clients access to the full breadth and depth of services we have to offer them."
CES draws on the services of both RBC Capital Markets and RBC Wealth Management. Benturk and his team will serve as a single point of contact for the evaluation and execution of cross-business needs of corporate and executive clients.
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By GlobalData"This new role reinforces RBC’s commitment to supporting our clients with the full range of expertise and experience that RBC has to offer," said Blair Fleming, head of RBC Capital Markets in the U.S. "It demonstrates the strong synergies between our wealth management and capital markets platforms, and, in particular, how our investment banking capabilities can be harnessed for the benefit of corporate executive clients."
Benturk joins RBC Wealth Management from J.P. Morgan, where he was responsible for product development at the company’s private bank. He brings with him nearly 30 of experience in global financial services.
