RBC Hires Citigroup's Rich Duffield as Head of Equity-Linked Origination

Royal Bank of Canada (RBC) has hired Rich Duffield, a 17-year veteran of Citigroup, as head of equity-linked origination. Duffield, who begins in November as a managing director, will lead RBC's efforts in convertible bonds. He previously worked at Bear Stearns. The hire is seen as a strategic priority for RBC to enhance its equity-linked franchise.