Hong Kong, 2 February 2021 — RBC Wealth Management, part of Royal Bank of Canada (RBC), has appointed Xygent Chan as Executive Director to head a newly created Hong Kong private bank team.

Chan will lead and grow client relationships for the firm’s private banking business, which serves high-net-worth and ultra-high-net worth clients and their families in the region. Chan started his new position at the end of December and reports to RBC Wealth Management’s Head of Private Banking for Greater China, Ignatius (Iggy) K.K. Chong.

“The addition of a new team leader of Xygent’s calibre in Asia complements our existing teams and further enhances the value we bring to clients and their international wealth interests,” said Chong. “Xygent will manage a strong team focused on developing client relationships, continuing to deepen the links between our teams in Canada, the US and the UK.”

A trusted client advisor with over 30 years of industry experience, Chan brings a wealth of professional expertise to RBC Wealth Management. He joins RBC from Bank of Singapore, where he was a Senior Relationship Manager. His prior experience spans a number of banks, including Coutts, Union Bancaire Privée and ICBC. Chan’s deep understanding of international markets will be a strong asset to RBC Wealth Management’s focus on providing wealth management solutions to Asia’s Global Families1.

RBC Wealth Management has hired a number of new relationship managers in Asia over the past year, including several in Hong Kong focused on growing the Bank’s client base in Greater China. They join RBC’s 2,000-strong employee base in Asia working across Wealth Management, Global Asset Management, Capital Markets and Investor & Treasury Services.

1Asia’s Global Families: RBC Wealth Management helps families in Asia who have international ties with Canada, the US or the British Isles as a result of business interests, lifestyle, employment, property, education or permanent relocation.

Notes to press

  • In December, RBC Wealth Management announced the hire of Ida Lew as Director, Head of Strategic Initiatives, Greater China, to support the growth of its China market business.
  • In November, RBC Wealth Management announced that it had appointed Juan Aronna as Head of Investments, Wealth Management International and Wealth Management Asia, responsible for the leadership of RBC Wealth Management’s investments teams in London, Jersey, Singapore and Hong Kong.
  • 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.

Media contact:

Ben Adams, RBC Wealth Management, +44 20 7653 4516, or ben.adams@rbc.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.

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 leverage their imaginations and insights to 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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