RBC Dain Rauscher announced that its fixed-income business would be renamed RBC Financial Group effective immediately. "Uniting the bank's fixed income units under one name eliminates confusion and cements an integration begun in earnest a year ago," the company states in a release. "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," said head of global debt markets Richard Pilosof. The move extends the RBC Capital Markets name to Minneapolis-based RBC Dain Rauscher's fixed-income group, as well as the Charleston, South Carolina operations that were acquired with the W.R Hough purchase.

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