RBC nabs veteran ANZ banker to lead debt syndicate desk

RBC Capital Markets has hired veteran ANZ banker Harald Eikeland to lead its debt capital markets syndicate desk – the second senior loss for ANZ this month – people familiar with the move toldMr Eikeland will start at the Canadian investment bank on Tuesday, after nearly 18 years with ANZ, where he was most recently a director on its DCM syndicate desk.

The hire comes as the Australian dollar-denominated bond market wraps up a busy January in terms of printed deals, Bloomberg data showed. The bulk of transaction activity has come from local banks, which haveBorrowers are taking advantage of cashed-up overseas investors keen to counter market volatility and allocate their cash toward safer, investment grade financial institutions.

Development banks and pension funds, known on Wall Street as the supranational, sovereign and agency market, have also got off to a fast start. RBC is currently ranked No. 2 on the Kangaroo bond market league table for 2023, with a 22 per cent market share for done deals. In the SSA space, RBC has led six of the eight deals done this month, including the $1.3 billion transaction for CPPIB, and an $800 million deal for Germany’s KfW Bank on January 6.

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