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The Royal Bank of Canada offices in Toronto are seen on Thursday March 1, 2011.
The Royal Bank of Canada offices in Toronto are seen on Thursday March 1, 2011.
(Chris Young/THE CANADIAN PRESS)

Streetwise

Bill Sembo, banker who oversaw birth of Cenovus, Nexen, retires

Calgary is about to lose another big-time investment banker to retirement.

Bill Sembo, vice chairman of RBC Capital Markets, is packing up his office after 27 years at the bank. He retires at the end of October and plans to fill his calendar with a slew of volunteer projects.

Mr. Sembo does not want to name a signature deal – “I don’t want to offend anyone by pulling one or two,” he said – but instead praised the energy industry’s ability to adapt to the market’s curve balls through mergers and acquisitions and serving as “good financial stewards.”