RBC Capital Markets (RBCCM) is part of the Royal Bank of Canada (RBC), a leading diversified provider of financial services and among the strongest banks in the world. RBC was founded in 1864, and it presently is the 9th-largest bank in the world and the 5th-largest in North America, in terms of market capitalization. RBCCM is a premier global investment bank with core operations across Canada, the US, the UK/Europe, and APAC, and is also the 11th-largest global investment bank by fee. The business is organized into five segments: Personal & Commercial Banking, Wealth Management, Insurance, Investor & Treasury Services, and Capital Markets (which includes the investment banking business). Its investment banking revenues grew to USD 1.75 billion in 2020 from USD 1.67 billion in 2019.