Singapore, 6 July 2020 — RBC Wealth Management, part of the Royal Bank of Canada (RBC), has appointed two senior bankers in Asia to support clients’ end to end wealth management needs and further strengthen its market position.
In recent weeks, Ada Chan joined as Senior Director, reporting to David Tan, Executive Director and Team Head, North Asia and Cheryl Ong joined as Director, reporting to Rohit Bhalla, Executive Director and Team Head, South East Asia. Both Ada and Cheryl will work in relationship management roles in Singapore with a focus on servicing families in Asia including those who have ties globally, especially to Canada, the US and the UK.
“More than ever, Asia’s global families are choosing RBC for our reputation, values, financial strength and international wealth solutions,” said Mike Reed, Head of Wealth Management, Southeast Asia and Chief Executive, RBC Singapore Branch. “We continue to strengthen our relationship management teams with advisors who have a proven track record in developing a deep understanding of clients and building solutions that can help them achieve their financial goals.”
Ada and Cheryl join RBC’s 2,000 strong employee base in Asia working across Wealth Management, Global Asset Management, Capital Markets and Investor & Treasury Services.
An experience banker, Ada joins RBC following 13 years with UBS in Hong Kong where she was a senior banker, working with clients and prospects from Hong Kong, China, Taiwan and Thailand. Prior to that, Ada spent four years with United Overseas Bank in Hong Kong. Ada brings expertise of wealth planning services, investment products and wider banking capabilities to support clients’ financial needs.
Cheryl has almost 25 years’ private banking experience from Standard Chartered, HL Private Bank and most recently CA Indosuez, a subsidiary of Crédit Agricole where she provided trusted advice and wealth management solutions to HNW individuals and families predominantly across South East Asia.
In the first half of this year, a number of other new private bankers have joined RBC’s relationship management teams in Asia including Anika Tan from Westpac, Alan Ka from China Citic, and Dyanne Tan from HSBC Private Bank.
In May, RBC 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, both reporting to Vivian Kiang – Head, Wealth Planning & Trust Administration.
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.
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.
The article is for information only and contents do not constitute recommendation to purchase any investment product. Nothing in this article constitutes legal, accounting or tax advice and you are advised to seek independent legal, tax and accounting advice prior to acting upon anything contained in this article.