RBC Capital Markets, the corporate and investment banking arm of Royal Bank of Canada, has hired Marc Fleischman as a managing director and head of hedge fund sales, Europe.

Mr. Fleischman joins RBC Capital Markets with 17 years experience. He most recently served as a managing director at Citigroup. Prior to that, he was at Bear Stearns, where he was European head of interest rate derivative marketing to hedge funds.

Avril Pomper, head of fixed income & currencies and financial products sales, Europe, said: The hire of Mr. Marc to our hedge fund team in London reflects our focus on growing our rate distribution to hedge funds in Europe. We see hedge funds as a growing client segment and are keen to develop our relationships with these important institutions.”

The bank has said that over the last 12 months RBC Capital Markets has hired in excess of 300 people throughout its global capital markets operations. RBC Capital Markets also announced this week that it had hired Phil Halper, as a director in its rates trading team in London.