RBC hires former Bank of America executive Dan Mills for Canada rates sales role

Royal Bank of Canada (RBC) hires Dan Mills to lead Canada rates sales as a managing director, according to an RBC spokesperson.

Both outlets report that Mills is joining the bank from Bank of America. Financial Post adds that he previously worked in Bank of America’s Toronto office for more than 11 years. Bloomberg focuses primarily on the new title and appointment details, while Financial Post provides more background on Mills’s prior tenure.

In context, the hiring reflects staffing changes within RBC’s markets organization, specifically for rates-related client coverage in Canada. Neither outlet provides additional specifics about responsibilities beyond the leadership of rates sales, timing of the move, or whether the role replaces an existing position. The reports are based on statements from an RBC spokesperson and the prior employment history cited by Financial Post.