Healthcare M&A banker Paul Tomasic has left Wall Street bank Citi to join Royal Bank of Canada (RBC) to lead its healthcare investment banking coverage in Europe, two sources familiar with the matter told Reuters on Monday. Tomasic, whose team at Citi recently advised Shire on its 32 billion pound ($54.58 billion) acquisition by U.S. rival AbbVie <ABBV.N, had been a managing director covering healthcare investment banking for over seven years at the U.S. bank, according to his LinkedIn profile.Before that, he had worked at UBS, also covering the healthcare industry. He is currently on gardening leave and is expected to join RBC in around three months, said the sources.Citi and RBC declined to comment.The move follows similar hires from Citi including that of Dimitrios Georgiou to head up industrials coverage in the region and David Plowman to cover consumer and retail.
Royal Bank of Canada, is a Canada-based banking company. Shares of RY traded higher by 0.12% or $0.09/share to $74.31. In the past year, the shares have traded as low as $60.65 and as high as $74.64. On average, 369346 shares of RY exchange hands on a given day and today's volume is recorded at 139584.
Royal Bank of Canada, is a Canada-based banking company. Shares of RY traded higher by 0.1% or $0.08/share to $79.78. In the past year, the shares have traded as low as $63.07 and as high as $80.14. On average, 1722060 shares of RY.TO exchange hands on a given day and today's volume is recorded at 984267.
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