RBC Wealth Management Appoints Director to Americas Desk in the UK
RBC Wealth Management, part of Royal Bank of Canada (RY on TSX and NYSE), today announced the appointment of Michelle Wright as a Director in its UK Private Client Wealth Management team. Joining the Americas desk, Ms Wright reports to Martin Heale, who was appointed Head of Americas in July 2011.
Ms Wright joins an expanding specialist business and will be responsible for RBC Wealth Management’s US clients requiring wealth management in London. Working closely with advisers both in the UK and in the US, her primary focus will be on building and establishing relationships with high net worth individuals with links to the Greater New York and East coast areas.
Mike Moodie, Head, UK, RBC Wealth Management, commented: “Michelle’s appointment is further proof of our dedication to US clients in London at a time when many UK wealth managers are deciding to scale back or exit the market. Our investments business in London has held a SEC licence for over a decade and we’re well-positioned to service increasingly sophisticated clients that are looking to London for a variety of wealth management solutions. We continue to attract high-calibre relationship managers from across the industry and we’re very pleased to have Michelle on board.”
Ms Wright joins from Barclays Wealth, where she was a private banker focused on financial industry professionals and US citizens residing in the UK. Prior to this, she spent five years with Lehman Brothers where she was an investment representative for UHNW individuals, family offices, foundations and charities. She started on 9 January 2012.
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About RBC Wealth Management
RBC Wealth Management is one of the world’s top 10 largest wealth managers. RBC Wealth Management directly serves affluent, high-net-worth and ultra high net worth clients in Canada, the United States, Latin America, Europe, the Middle East, Africa and Asia with a full suite of banking, investment, trust and other wealth management solutions. The business also provides asset management products and services directly and through RBC and third-party distributors to institutional and individual clients, through its RBC Global Asset Management business (which includes BlueBay Asset Management). RBC Wealth Management has more than C$525 billion of assets under administration, more than C$305 billion of assets under management and approximately 4,300 financial consultants, advisors, private bankers and trust officers.
Royal Bank of Canada (RY on TSX and NYSE) and its subsidiaries operate under the master brand name RBC. We are one of Canada’s largest banks as measured by assets and market capitalization, and are among the largest banks in the world, based on market capitalization. We are one of North America’s leading diversified financial services companies, and provide personal and commercial banking, wealth management services, insurance, corporate and investment banking and transaction processing services on a global basis. We employ approximately 74,000 full- and part-time employees who serve close to 15 million personal, business, public sector and institutional clients through offices in Canada, the U.S. and 56 other countries. For more information, please visit rbc.com.