Singapore, October 29 - RBC Wealth Management, part of the Royal Bank of Canada (RBC), has hired two fixed income specialists as it continues to enhance its advisory investment solutions for private banking clients in Asia.

Shawn Sim has joined RBC Wealth Management’s investment solutions and products team in Singapore as head of fixed income advisory, responsible for driving the growth of the company’s fixed income portfolio advisory services for clients across Asia. He reports to Chun Him Tam, who heads RBC Wealth Management’s fixed income and ultra-high-net-worth solutions groups in the region.

Sim re-joins RBC from HSBC Private Bank, where he was a fixed income advisor. He was a member of RBC Wealth Management’s fixed income team between 2014 and 2018, and earlier in his career worked at OCBC Securities in a variety of roles, including fixed income advisor, equity sales dealer, ETF product manager and securities borrowing and lending advisor.

Joining Sim, and reporting to him, is Kennard Ling. Ling joins as fixed income specialist from Citibank Singapore, where he was part of the advisory and trading desk responsible for business growth across Asia-Pacific. Prior to that, Ling was a corporate sales analyst for FX and rates at Standard Chartered Bank.

“RBC Wealth Management’s disciplined portfolio and risk management approach to fixed income in Asia has served our clients well over the past two years, especially amid the credit sell-off and volatility in the first half of 2020. We continue to see opportunities in the Asian fixed income market, but with low interest rates and greater risk of credit events, clients will need to be even more selective and nimble,” said Tam. “With clients valuing our investment advice more than ever, Shawn and Kennard bring exceptional experience to bolster our advisory services and holistic fixed income portfolio solutions to help investors navigate these conditions.”

RBC Wealth Management has announced a number of new hires in Asia so far this year, including more than 10 new private bankers and two senior wealth planning hires. 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 August, RBC Wealth Management announced a number of relationship management appointments in Singapore including Jason Tong as executive director (from Bank Pictet & Cie (Asia)) to serve the financial and wealth planning needs of its HNW and UHNW clients, especially those with ties to Canada, the US and the UK.
  • 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, also 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 almost C$1.1 trillion of assets under administration, C$834 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 86,000+ 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 capitalization, 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.

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