RBC adds new research head from small, London-based bank

efinancialcareers.com:

Researchers at investment banks might be less popular than before, but that doesn’t mean that some banks aren’t interested in bolstering their offerings.

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Ben Davis joined RBC to head up its European metals & mining research team earlier this week. Davis came from Liberum Capital — now known as Panmure Liberum — an independent London-based investment bank where he spent over 12 years as a European mining analyst.

Panmure Liberum, which was born of a merger between brokerage Panmure Gordon and rival Liberum earlier this year, also announced a significant headcount reduction across the combined entity just a few months after the merger.

Researchers including head of industrials Edward Maravanyika and oil & gas analyst Sam Wahab have since departed the bank, although it's not clear whether they did so of their own accords. Maravanyika doesn't seem to have found a new role since leaving, but Wahab is now at Peel Hunt.

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