RBC Capital Markets today announced that Doug McGregor and Mark Standish were named co-presidents of the investment banking arm of RBC. Both Standish and McGregor will report to Chuck Winograd, who will continue as CEO of RBC Capital Markets.

“This announcement reflects RBC Capital Markets’ long-term succession planning and recognizes the tremendous accomplishments of Mark and Doug to our growth as a global wholesale bank,” said Winograd, in a news release.

RBC Capital Markets continues to expand globally through a combination of organic growth and acquisition. It expanded its global mining and energy trading, research and investment banking businesses as well as its global infrastructure business.

In the U.S., it recently acquired Daniels & Associates and Carlin Financial Group, added a U.S.-based commercial mortgage backed securities team to its North American real estate platform, entered the 24-hour futures trading business and expanded its highly successful U.S. public, infrastructure and municipal finance businesses.

In the U.K., the firm achieved Nomad status on the Alternative Investment Market (AIM) and in Asia, expanded its structured products capability.

As co-presidents, Standish and McGregor have joint responsibility for chairing the Operating Committee in its oversight of day-to-day operations globally.

Standish will remain responsible for the bank’s global activities in debt markets, financial products, proprietary trading, alternative investments, foreign exchange, commodities, prime brokerage services and funding.

McGregor will remain responsible for RBC Capital Markets’ global activities in corporate finance, mergers and acquisitions, and equity sales and trading. He also heads the North American real estate brokerage, financing, capital markets and advisory business.

McGregor began his investment banking career in 1979 with Pitfield MacKay Ross Ltd, first in corporate finance and then in institutional equity sales. In 1982, he joined Marcil Trust, a real estate brokerage and advisory business. Marcil Trust was acquired by RBC in 1990 and McGregor became a managing director of RBC Dominion Securities. McGregor is based in Toronto.

Standish began his career in retail banking in the U.K. in 1977 and joined RBC in 1995 as head of proprietary and structured trading. From 1993 until 1995, Mr. Standish was a managing director at Kidder Peabody & Company. Preceding Kidder Peabody, he was with Lehman Brothers in New York responsible for equity derivatives, commodity derivatives and commodity financing. During the 1980s, Standish was with Bankers Trust in London involved with fixed income derivatives and proprietary arbitrage trading. Standish is based in New York.