May 13 (Reuters) - Royal Bank of Canada ( RY ) has

named insider Matthew Stopnik head of global investment banking

as part of a larger restructuring within the unit, according to

a memo seen by Reuters on Monday.

The bank also named Vito Sperduto as the head of RBC Capital

Markets in the U.S.

WHY IT'S IMPORTANT

RBC, which recognizes a 10% share in investment banking in

its home turf, Canada, also has ambitions to venture further

into the U.S. market, representing 56% of the global investment

banking fee pool.

As per the memo, RBC generated about $4 billion in revenue

from its U.S. Capital Markets business, last year.

KEY QUOTE

"Vito's appointment reflects our increased focus on the U.S.

as our second home market and the importance of the bank's

overall U.S. strategy as a driver of growth," said Derek

Neldner, CEO and Group Head of RBC Capital Markets.

CONTEXT

RBC has also launched three new global groups

within investment banking to assist the Canadian bank in

boosting market share and accelerating growth.

Stopnik joined RBC Capital Markets in January 2015 following

almost two decades at UBS Investment Bank.

Stopnik, the co-head of U.S. Investment Banking at RBC since

2018, will report to CEO Derek Neldner.

Sperduto, an investment banking veteran, was most recently

the Global Head of M&A at RBC Capital Markets.