RBC Financial Group today announced that RBC Dain Rauscher’s U.S. fixed income business has been re-named RBC Capital Markets.

That’s the name under which RBC Financial Group conducts investment banking, institutional sales and trading throughout the world.

RBC says uniting the bank’s fixed income units under one name eliminates confusion and cements an integration begun in earnest a year ago.

The combination has created a global fixed income force. RBC Capital Markets is the 11th largest debt underwriter globally, and its municipal banking business now ranks number five in the U.S., with origination up 25% in the past year.

“With all of our fixed income people now working together under one brand, our clients have better access to RBC’s balance sheet, global distribution and our world class fixed income expertise,” says Richard Pilosof, head of Global Debt Markets for RBC Capital Markets. “The rebranding recognizes that we are one team, with one name, continuing to build a fixed-income powerhouse.”

The move extends the RBC Capital Markets name to Minneapolis-based RBC Dain Rauscher’s fixed income group, one of the leading underwriters of municipal bonds and top middle market distributors in the country. RBC Financial Group acquired Dain Rauscher in January 2001.

In the U.S., the unification of RBC Capital Markets’ businesses gives clients increased access to offerings such as credit, a broader array of investment products, and a deeper balance sheet. In the public finance arena, the firm brings more municipal bond issues to market than any other underwriter in the United States and has the fourth largest financial advisory practice in the nation. It has one of the largest institutional client bases, with more than 8,000 clients of all sizes, and is the eighth largest full service brokerage firm in North America.