The Royal Bank of Canada (RBC) has brought in investing banking specialist David Mell, who comes over to the lender from Wells Fargo & Co. He will serve as RBC’s Managing Director in its investment banking consumer and retail group.
Mr. Mell will be based out of New York, helping steer the group’s bourgeoning US consumer and retail investment banking practice. His appointment is one of several hires over H1 2016, including both Andrew van der Vord and David Frank, part of the group’s strategy in reinforcing its US retail investment banking practice. In his new role Mell will be reporting to Mr. Frank, who also recently started at RBC.
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Mr. Mell had been at Wells Fargo for the past four years, serving as its Managing Director since 2012. In this role he worked as a senior banker that helped build out retail sector coverage, focusing on grocery, home, discount, and other sectors. Additionally, he worked at Coller Capital, MacAndrews and Forbes, and UBS, part of a career dating back to 2004, according to information made public on his Linkedin profile.
According to Mr. Frank, co-head of RBC’s US consumer and retail investment banking division, in a recent statement on the appointment: “RBC is increasingly focused on providing U.S. clients with access to global M&A opportunities. The consumer and retail sectors are two of the active sectors in which the firm sees the opportunity to grow.”