The high-yield trading, sales and research arm of
RBC Capital Markets
will to move from its current location in Greenwich, Conn. to company offices in Purchase, N.Y., according to
Dan Elkaim, head of high-yield sales. He says the high-yield group is making the move to
unite high-yield sales and trading with a newly hired leveraged finance group from
that is operating out of Purchase. Another change
precipitated by the addition of Kencel's group is that
Max Holmes, who had been
head of high-yield origination, will now work with the leveraged finance group.
RBC leased the additional space in Purchase after its offices at One Liberty Plaza became temporarily unusable due to the Sept. 11
attacks. Elkaim says it is still not clear when the group will move to Purchase, as the trading facilities are not yet ready, and the return of
other RBC employees to One Liberty is still being worked out.