RBC Faucets Citi’s Borisoff, Bott for Non-public Fairness, Retail Offers

(Bloomberg) — Royal Financial institution of Canada’s investment-banking arm employed a pair of Citigroup Inc. bankers, tapping Shawn Borisoff for personal fairness dealmaking and Ryan Bott for retail, in response to an individual with data of the matter. 

Borisoff is about to hitch RBC Capital Markets later this yr, reporting to the agency’s co-heads of monetary sponsors, Harold Varah and Mark Goldstein, mentioned the individual, who requested to not be recognized discussing the hirings. Bott will probably be a part of RBC’s client and retail investment-banking group, the individual added. Earlier this yr, that group employed a trio of Citigroup bankers, together with world head Doug Trauber. 

Representatives for Toronto-based RBC and New York-based Citigroup declined to remark.

Borisoff, most lately Citigroup’s head of West Coast world asset managers, final yr relocated to San Francisco from London. He joined the financial institution in 2017 after beforehand working at UBS Group AG. Bott, based mostly in New York, joined Citigroup in 2015, and was named managing director in December 2020. He beforehand labored at Credit score Suisse Group AG, Monetary Business Regulatory Authority data present.