Business · Companies · 2 hrs ago
RBC replaces mining research head with Scotia analyst
RBC has parted ways with mining research head Josh Wolfson and hired Ovais Habib from Scotia Capital.
Wolfson had worked at RBC for seven years and covered large miners, while Habib is known for research on mid-sized companies.
RBC says the hire is part of a broader investment in its mining business across the bank.
Mid-sized miners often need to raise money and make deals more frequently than larger companies, which can bring banks investment-banking fees.
The move puts more focus on mid-sized mining companies, which are more numerous than the biggest miners.
RBC has not said why Wolfson left, and no further next steps were provided.
RBC Dominion Securities has parted ways with its global mining research head, Josh Wolfson, and hired Scotia Capital analyst Ovais Habib.
RBC says Habib’s hiring reflects a broader strategy to invest in its mining business across the platform.
The bank is placing more focus on covering mid-cap mining companies.
Wolfson had been with RBC for seven years and was frequently ranked among the top tier of analysts by Extel.
Habib joined Scotia in 2011 and is known for covering mid-cap miners.
- Who
- RBC Dominion Securities, Josh Wolfson and Ovais Habib.
- What
- RBC parted ways with Wolfson and hired Habib from Scotia Capital.
- When
- The article was published on November 12, 2026. Wolfson recently updated his LinkedIn profile to show he had left RBC.
- Where
- Not stated.
- Why
- RBC said the hiring reflects its broader strategy to invest in its mining business and expand coverage of mid-cap mining companies. RBC declined to comment on why Wolfson left.
This story does not have two clearly opposing sides.
Ovais Habib joined Scotia Capital.
Josh Wolfson left the bank; he recently updated his LinkedIn profile to reflect his departure.
The Globe and Mail reported that RBC had hired Habib and parted ways with Wolfson.
- Wolfson’s RBC tenure
- Seven years
- Habib’s former employer
- Scotia Capital
- Habib joined Scotia
- 2011
- RBC’s mining focus
- More coverage of mid-cap mining companies
- Habib’s covered companies
- B2Gold, Centerra Gold and Equinox Gold
What people are saying
broader strategy to invest in its mining business across the platform.
trying to nitpick