There's a shakeup in the works at the top of RBC Capital Markets

RBC Capital Markets

RBC's Blair Fleming

• Blair Fleming, head of RBC Capital Markets in the US, is stepping down from his role, according to people familiar with the matter.
• Fleming is also the head of US investment banking for RBC. He has been with the firm since 1986.

Blair Fleming, head of RBC Capital Markets in the US, is set to step down from his role, according to people familiar with the matter.

A spokeswoman for RBC declined to comment.

Fleming, who also served as the head of US investment banking at RBC, has worked at the firm since 1986 beginning in London, Ontario. He assumed his current responsibilities in 2009, according to the bank's website.

RBC Capital Markets ranked tenth for US investment banking revenue in the first quarter, according to Dealogic, with $252 million in fees. It ranked ninth in US ECM revenues, meanwhile.

The story is developing.