Hong Kong, December 17 - RBC Wealth Management, part of Royal Bank of Canada (RBC), has hired a veteran of private banking and management consulting to help support the growth of its China market business.
Ida Lew joined in November as Director, Head of Strategic Initiatives, Greater China, where she will support business development and key projects with a strategic focus on furthering RBC’s relationships with Asia’s global families in the region. She will work with Beijing-based Belle Hu, Associate Director, Business Development, who joined RBC Wealth Management earlier this year, to drive these efforts.
Ida is based in Hong Kong and reports to Ignatius K.K. (Iggy) Chong, Head of Private Banking, Greater China and Michael Reed, Head of Wealth Management, Southeast Asia.
“The China market is key to our strategy serving Asia’s global families, which are, for RBC, families with cross-border presence across multiple jurisdictions, specifically Canada, the U.S. and the UK”, said Chong. “Ida brings strong banking and market experience that will strengthen RBC Wealth Management’s offering to our HNW and UHNW clients in the region.”
This newly-created position demonstrates RBC’s commitment to bringing the breadth of its global banking capabilities to this growing client segment in Greater China. And with strengths across Asia, North America and the British Isles, RBC Wealth Management is uniquely positioned to service the complex needs of these families with international ties.
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. Ida’s appointment sees her joining RBC’s 2,000-strong employee base in Asia working across Wealth Management, Global Asset Management, Capital Markets and Investor & Treasury Services.
Ida joins RBC Wealth Management from Credit Suisse AG where she worked in strategic recruitment and market prospect management roles. Prior to that, she worked at UBS AG as Business Manager, covering China and Japan markets of both HNW and UHNW segments. She was a management consultant (strategy and operations) with Deloitte in the earlier part of her career.
- In October, RBC Wealth Management announced the hires of two fixed income specialists, Shawn Sim and Kennard Ling, to enhance its advisory investment solutions for private banking clients in Asia.
- 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.
- In July, RBC Wealth Management Asia announced that Ada Chan had joined its Singapore relationship management team as senior director from UBS.
- 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.
Ben Adams, RBC Wealth Management, +44 20 7653 4516, or email@example.com
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$1.1 trillion of assets under administration, C$836 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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