Singapore, 19 August 2020 — RBC Wealth Management, part of the Royal Bank of Canada (RBC), has further strengthened its relationship management team in Asia through the appointment of a senior banker to serve the financial and wealth planning needs of its HNW and UHNW clients.

Jason Tong is the latest to join RBC’s private banking team in Singapore as Executive Director, reporting to Michael Reed, Head of RBC Wealth Management, South East Asia. He will provide trusted advice and wealth management solutions to Singaporean and Chinese clients and families that have ties globally, especially to Canada, the US and the UK, a segment that RBC refers to as Asia’s global families.

“As clients look to preserve wealth during these challenging times, conversations are frequently turning to safety, security, succession and wealth planning and legacy,” said Reed. “Jason brings tremendous senior experience, particularly in the China market and joins our Singapore team of relationship experts who can help clients navigate these waters and plan for the long-term.”

Jason joins RBC Wealth Management from Bank Pictet & Cie (Asia) Ltd where he was a senior banker overseeing client relationships focused around China markets. Prior to this, he spent twelve years with OCBC Private Bank/Bank of Singapore, where he was responsible for a team of ten relationship managers. Jason earlier worked with Citibank and Prudential Assurance.

So far this year, eight new advisors have joined the Canadian firm’s wealth business in Asia. In recent weeks, Daphne Chandra has joined in Singapore as Associate Director, Relationship Manager from Henley & Partners where she was Country Head of Indonesia responsible for a portfolio of UHNW clients at the citizenship and residency planning firm.

Daphne reports to Dominic Lane, Executive Director, Team Head, Asia’s Global Families, along with Lloyd Cook who has transferred from the bank’s Vancouver business to the position of Director, Relationship Manager, also in Singapore.

They join RBC’s 2,000-strong employee base in Asia working across Wealth Management, Global Asset Management, Capital Markets and Investor & Treasury Services.

Note to press

  • In July, RBC Wealth Management Asia announced that Ada Chan had joined as Senior Director from UBS in Hong Kong, and Cheryl Ong had joined as Director from CA Indosuez, both in relationship management roles in Singapore.
  • In May, RBC Wealth Management Asia announced two senior wealth planning hires to cover the region. Alvin Chiam joined RBC’s Singapore team as Wealth Planner, and Belle (Jing) Hu joined as Associate Director, Business Development based in Beijing.

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$1.05 trillion of assets under administration, almost C$782 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.

About RBC

Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 84,000+ employees who bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada’s biggest bank, and one of the largest in the world based on market capitalisation, we have a diversified business model with a focus on innovation and providing exceptional experiences to our 17 million clients in Canada, the U.S. and 34 other countries. Learn more at rbc.com.

We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at rbc.com/community-social-impact.