RBC Capital Markets has been named as corporate broker to financial services firm Evolution Securities. The mandate win vindicates the Canadian bank’s decision in January to hire three senior bankers from Arden Partners, the broker it has replaced at Evolution.

A spokesman for Evolution said the firm chose RBC Capital Markets after Jeremy Grime, formerly at Arden, joined the bank earlier in the year. Sarah Spikes and Peter Lenardos, formerly analysts in Arden's financial institutions group, followed Grime to RBC.