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A man walks in front of the office of Swiss bank UBS in the Bahnhofstrasse in Zurich on Aug. 10, 2012.
A man walks in front of the office of Swiss bank UBS in the Bahnhofstrasse in Zurich on Aug. 10, 2012.
(ARND WIEGMANN/REUTERS)

RBC hires UBS’s Uden to run Europe stock underwriting

The investment banking division of Royal Bank of Canada hired a senior banker who recently left rival UBS to run stock underwriting in Europe.

The firm said Darrell Uden will be managing director and head of European equity capital markets and corporate broking. Corporate broking is a key business in Britain, where publicly traded companies have formal (and well known) relationships with investment banks that act as their advisers. The corporate broking game in London is increasingly open to competition from outside firms, as this piece from Dow Jones points out.