Hong Kong, 5 May 2020 — RBC Wealth Management, part of the Royal Bank of Canada (RBC), has made two key appointments in Asia to further enhance its offering to Asia’s global families.
In the past month, Alvin Chiam joined RBC’s Singapore team as Wealth Planner, and Belle (Jing) Hu joined as Associate Director, Business Development, based in Beijing. Alvin will advise RBC Wealth Management’s high-net-worth and ultrahigh-net-worth clients with wealth planning and transfer matters in Singapore, and Belle will lead RBC Wealth Management’s growth efforts in mainland China.
“Alvin and Belle bring capabilities that will help us sharpen our competitive advantage in servicing families in Asia that have ties globally, especially to Canada, the US and the UK,” said Terence Chow, Head of RBC Wealth Management in Asia. “These hires are especially important in the current economic environment, as uncertainty is leading to greater demand for wealth management advisory services, particularly related to wealth planning.”
These new hires in Singapore and China align with the findings of the 2019 Wealth Opportunity Index, developed by RBC Wealth Management in collaboration with the Economist Intelligence Unit. The index ranks both countries among the top three globally for wealth opportunity, which represents the ability of individuals and households in these markets to generate investable assets.
Alvin and Belle join RBC’s 2,000 strong employee base in Asia working across Wealth Management, Global Asset Management, Capital Markets and Investor & Treasury Services.
Alvin has more than 15 years of experience in trust and estate planning. His expertise is in helping families pass wealth from one generation to the next and addressing the liquidity planning needs of Southeast Asian and Taiwanese clients. Alvin also brings a keen understanding of US legacy and UK wealth transfer planning issues, having implemented and managed private trust structures across these markets during his time with Barclays Wealth Trustees, Cititrust Singapore and DBS Private Bank.
Belle returns to RBC following stints at HSBC Bank (China), where she worked as an Investment Product Expert, and DBS Bank, where she covered FX equity trading. She started her career with RBC in 2009 in Halifax, Nova Scotia, and spent five years building experience and skills in our Canadian Banking business.
About RBC Wealth Management
RBC Wealth Management directly serves affluent, high net worth and ultra high net worth clients globally with a full suite of banking, investment, trust and other wealth management solutions, from our key operational hubs in Canada, the United States, the British Isles, and Asia. 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 C$1.11 trillion of assets under administration, almost C$793 billion of assets under management and more than 4,800 financial consultants, advisors, private bankers, and trust officers.
For more information, please visit www.rbcwealthmanagement.com.
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