The Globe and Mail reports in its Thursday edition that on Doug McGregor's 11-year watch as chief executive officer, RBC Capital Markets grew from a regional player into a leading global investment bank. The Globe's Andrew Willis writes that as the 63-year-old announced plans on Wednesday to retire in January, Mr. McGregor predicted his successors will continue to expand Royal Bank of Canada's capital-markets franchise, due to a combination of the firm's strong culture and its ability to overcome the structural issues that continue to bedevil many international rivals. Derek Neldner, aged 46 and currently global head of investment banking, will take over as CEO of RBC Capital Markets. "We did it the right way, we were careful, every step of the way, and we were fortunate to avoid major mistakes," Mr. McGregor told The Globe. Over a decade, the investment dealer more than doubled its revenues, from $3.9-billion to $8.4-billion in 2018, while assets increased from $340-billion to $576-billion. RBC shareholders earned a 12-per-cent average annual return from the capital-markets business over the past 10 years, which the bank says is the best performance of any global financial institution. Mr. McGregor joined RBC in 1983.