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Royal Bank of Canada announced its purchase of Loudoun Capital Partners on Monday, a deal that will see RBC's European investment banking division gain two new co-heads of its financial institutions group.

Mike Carter and Robin Mackie were principals at Loudoun, and will now focus on European banks, insurance firms and other financial services companies at RBC.

The two men have some big deals under their belts, including the £3.6-billion sale of Abbey National Life Business to Resolution PLC and Zurich Financial Service's sale of a U.K. annuity portfolio to Swiss Re worth £3.8-billion pounds.

Mr. Carter previously worked in corporate finance at Deutsche Bank and in the financial institutions group at Lehman Brothers Europe. Mr. Mackie was previously head of insurance at Lehman Brothers Europe and co-founded the bank's European financial institutions group.

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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 28/03/24 4:15pm EDT.

SymbolName% changeLast
RY-N
Royal Bank of Canada
+0.48%100.88
RY-T
Royal Bank of Canada
+0.29%136.62

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