Royal Bank of Canada has added two senior industrials bankers, Kinjal Gandhi and Alex Choi, to its investment banking team as part of an aggressive push to expand the franchise. The hires signal RBC’s intent to capture more mid‑market manufacturing and infrastructure deals that have migrated northward amid recent U.S. banking turbulence.

Over the past year RBC has been bolstering its advisory capabilities, hiring several sector specialists to compete with the Big Five banks on cross‑border transactions. By deepening its industrials coverage, the bank hopes to win mandates in energy, transportation and aerospace, sectors where Canadian firms are seeking capital for expansion.

Analysts estimate the industrials segment could generate upwards of $1 billion in advisory fees for RBC within the next twelve months if the team lands a steady flow of mid‑size mergers. Gandhi and Choi bring client relationships from previous roles, positioning the bank to challenge rivals on transactions that typically range from $200 million to $2 billion.

With these appointments, RBC sharpens its competitive edge in a market where industrial borrowers are increasingly looking beyond traditional lenders. The expanded bench should allow the bank to pitch more comprehensive financing packages and capture a larger slice of the Canadian deal pipeline.