RBC Wealth Management Expands Asia Private Banking Team with Seven Senior Hires

RBC Wealth Management has taken an important step forward to deepen its business in the Asian region by hiring and placing seven senior staff members who are related to the field of private banking in its Hong Kong and Singapore offices. This is part of the strategic growth strategy of the Canadian bank in expanding its wealth management operations in the financial hubs of the region.

These new appointments are attributed to the fact that RBC Wealth Management is still gaining momentum in Asia, where the company has operated for decades. These veteran acquisitions have the broad experience of the top financial firms, and they are supposed to increase the capacity of the bank to manage the high-net-worth customers in various Asian markets.

RBC Wealth Management Singapore Private Banking Team Welcomes Four New Leaders

Four senior professionals have been appointed by RBC Wealth Management as executive director and managing director in Singapore. He is joined by Christopher Chin, who has more than 12 years of experience in the high-net-worth sector in Singapore with past employment with Bank Julius Baer, Bank of Singapore, and HSBC.

Another appointee as an Executive Director is Low Keow Teck (KT) with over 25 years of experience in the field of private banking. He has worked as a Market Head of North Asia with UOB Private Bank in the past, and in top management of DBS Private Bank, Société Parallèle Orthotic Hybrid Imputation Gnostique Secteur Bancaire Et Trust, HSBC Singapore, and Citi.

Singapore team also expanded with Raymond Heng as Managing Director, who brings more than 30 years of experience in corporate and private banking, having served 17 years at UBS as the Head of the unit that served clients in Thailand, Philippines, and other markets in the region. Wilson Khoo, who has been hired as the Managing Director, brings in another 20 years of banking skills with special skills in servicing Mainland Chinese and Taiwan clients, having served in top-notch positions at Citi Private Bank, JP Morgan Private Bank, and DBS.

Hong Kong Private Banking Division Adds Three Experienced Professionals

The team in the Hong Kong office of RBC Wealth Management has been reinforced in terms of the privileged banking services with three significant sessions. Flora Kam comes in as the Executive Director after reliable experience in Bank of Singapore and Credit Suisse Private Banking, UBS Wealth Management, and JPMorgan Global Markets in Hong Kong.

Read Also: SLA Reshuffles Board as Yeoh Oon Jin Steps Down After 9 Years

Executive Director, who is Ince Pan, brings with him or herself more than 20 years of experience in asset management and investment banking. His last title was a founder partner of DSG Group, and he was a former employee of Deutsche Bank, Hony Capital, Credit Suisse, and JPMorgan.

Mark Chan completes the Hong Kong appointments, taking up the post of Executive Director, having over 30 years of experience in the financial services industry. He comes over to Morgan Stanley, where he served Greater China clients, and has filled such senior roles as at Credit Suisse, Natixis, Bank of America Merrill Lynch Asia Pacific, and Citigroup Global Markets Asia.

RBC Wealth Management has been in operation in Hong Kong since 1969 and Singapore since 1975, maintains booking centers in both cities, and has an operations center in Malaysia. The company concentrates on working with clients in eight cases and strategic markets of Asia: Hong Kong, Mainland China, Taiwan, Singapore, Thailand, Indonesia, Malaysia, and the Philippines.

These appointments show that RBC Wealth Management has not been relenting in its efforts to grow its business in Asia as well as extend its private banking services to the increased wealth operators that are becoming rich in the region.