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Sign for the Royal Bank of Canada at 20 King St. West in downtown Toronto on March 12, 2013.Fred Lum/The Globe and Mail

RBC Dominion Securities Inc. is again adding to its U.S. banking team with two new managing directors.

Noël Brown joins the healthcare group to focus on life sciences and biotechnology, which has been a hot sector in recent months. Mr. Brown previously worked in healthcare investment banking at Piper Jaffray and Lehman Brothers, followed by Barclays Capital.

Jonathan Tretler will join RBC's U.S. consumer and retail group, focusing on one of the sector's biggest categories: food and beverages. Like Mr. Brown, Mr. Tretler is also experienced, having previously been a co-head of food and beverage at Deutsche Bank and in a similar role at UBS.

The two bankers join RBC at a time when the lender is looking to expand its operations in the U.S., and they follow a string of investment banking new hires in other specialties, including several other managing directors and group heads. Several of these new additions were once Lehman Brothers employees.

The investment banking business in the U.S. now has 375 employees to cover 13 industries, according to a press release from RBC.

Both will be based in New York.

(Jacqueline Nelson is a Globe and Mail Financial Services Reporter.)

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Tickers mentioned in this story

Study and track financial data on any traded entity: click to open the full quote page. Data updated as of 18/03/24 4:20pm EDT.

SymbolName% changeLast
RY-N
Royal Bank of Canada
-0.07%99.27
RY-T
Royal Bank of Canada
-0.22%134.34

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