{"id":248,"date":"2022-05-04T00:00:00","date_gmt":"2022-05-04T00:00:00","guid":{"rendered":"https:\/\/www.rbcwealthmanagement.com\/en-asia\/newsroom\/2022-05-04\/rbc-announces-new-regional-leadership-and-bolsters-bench-of-private-bankers\/"},"modified":"2023-10-12T23:35:22","modified_gmt":"2023-10-13T03:35:22","slug":"rbc-announces-new-regional-leadership-and-bolsters-bench-of-private-bankers","status":"publish","type":"rbcwm_newsroom","link":"https:\/\/www.rbcwealthmanagement.com\/en-asia\/newsroom\/2022-05-04\/rbc-announces-new-regional-leadership-and-bolsters-bench-of-private-bankers","title":{"rendered":"RBC announces new regional leadership and bolsters bench of private bankers"},"content":{"rendered":"\n

Singapore and Hong Kong, May 4, 2022<\/strong> \u2014 RBC Wealth Management, part of Royal Bank of Canada (RBC), has today announced the retirement of Michael (Mike) Reed, Head of Wealth Management, Southeast Asia. <\/p>\n\n\n\n

After 22 years with RBC in roles across the U.S., UK, Hong Kong and Singapore, Mike will leave the business in mid-June. With Mike\u2019s retirement, Nick Chan currently Head of Private Banking, North Asia will take on a broader remit to lead RBC Wealth Management\u2019s sales and relationship teams across Hong Kong and Singapore. Nick joined RBC Wealth Management in December 2021<\/a>.<\/p>\n\n\n\n

\u201cI would like to wish Mike the very best for the future and thank him for his significant contributions in a long career with RBC across the globe,\u201d said Terence Chow, Head of RBC Wealth Management in Asia. \u201cMike has been a core member of the Wealth Management leadership team in Asia and has helped to shape and grow our business in the region, with a constant focus on delivering an exceptional client experience. Mike has also played a key role in the wider community, as a staunch supporter of RBC\u2019s charity initiatives, and with the Canadian Chamber of Commerce in Singapore.\u201d<\/p>\n\n\n\n

In support of the bank\u2019s ambitions in the region, RBC has also made four new hires to further strengthen its private banking team in Hong Kong and Singapore. <\/p>\n\n\n\n

Johann Peck, Audwin Tay and Betty Wong are the latest senior bankers to join RBC Wealth Management\u2019s experienced team which provides trusted advice and wealth management solutions to support the financial needs of families in Asia, particularly those that have international ties with Canada, the U.S. or the British Isles.\u00b9 <\/p>\n\n\n\n

Johann joins RBC Wealth Management following senior roles at HSBC Private Bank and Morgan Stanley supporting high-net-worth clients across banking and investment products and services. <\/p>\n\n\n\n

Audwin previously held senior investment and credit roles in an 11-year career at DBS Private Bank and, prior to that, he was private banking relationship manager with Silicon Valley Bank in Palo Alto (California), and at OCBC Private Bank and AIG Private Bank. <\/p>\n\n\n\n

Both Johann and Audwin join as Director, Relationship Manager in Singapore, reporting to Lim Yew Geok, Executive Director.<\/p>\n\n\n\n

Betty, who joins RBC Wealth Management as Director, Private Banker in Hong Kong, previously worked at Bank J. Safra Sarasin as Director, Client Advisory, and prior to that was Vice President at RBS, Coutts Bank, for 10 years, responsible for originating and developing client relationships. Betty reports to Anita Wong, Executive Director. <\/p>\n\n\n\n

Jessica Hung rounds up the group of latest senior private banker hires, joining the team in Singapore in the newly created role of Director, Head of Sales Management Office, Asia. Jessica will support teams to enhance the client and relationship manager experience in areas such as sales effectiveness and analytics, client on-boarding and pipeline management. Jessica joins RBC after 11 years with Morgan Stanley Asia in private wealth sales, marketing and management positions. Jessica reports to Nick.<\/p>\n\n\n\n

Terence Chow added, \u201cTalented individuals in the region continue to choose Royal Bank of Canada to grow their careers due to our size, experience and award-winning culture. Attracting such talent is a key focus as we grow the business and offer a differentiated service to support the complex needs and goals of Asia\u2019s global families – here and around the world.\u201d<\/p>\n\n\n\n

\u00b9RBC Wealth Management serves families in Asia that have international ties with Canada, the U.S. or the British Isles as a result of business interests, employment, property or education – a client strategy that it refers to as \u2018Asia\u2019s global families\u2019.<\/p>\n\n\n\n

Media contact<\/h4>\n\n\n\n

Colin Tung, Teneo, +65 6977 6802, Colin.Tung@teneo.com<\/a>
Yuri van der Leest, Teneo, +852 3655 0504, Yuri.vanderLeest@teneo.com<\/a>
Ben Adams, RBC Wealth Management, +44 20 7653 4516, ben.adams@rbc.com<\/a><\/p>\n\n\n\n

About RBC Wealth Management<\/h4>\n\n\n\n

RBC Wealth Management<\/a> 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$1.3 trillion of assets under administration, C$1 trillion 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<\/a>.<\/p>\n\n\n\n

About RBC<\/h4>\n\n\n\n

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 88,000+ 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\u2019s 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 27 other countries. Learn more at rbc.com(Open in new window)<\/span><\/a>. <\/p>\n\n\n\n

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(Open in new window)<\/span><\/a>.<\/p>\n\n\n\n

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.<\/p>\n","protected":false},"excerpt":{"rendered":"

Singapore and Hong Kong, May 4, 2022 \u2014 RBC Wealth Management, part of Royal Bank of Canada (RBC), has today announced the retirement of Michael (Mike) Reed, Head of Wealth Management, Southeast Asia. After 22 years with RBC in roles across the U.S., UK, Hong Kong and Singapore, Mike will leave the business in mid-June. 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