MINNEAPOLIS, Minnesota (May 3, 2017) – RBC Wealth Management-U.S. today announced Amit Sahasrabudhe will join the firm’s executive ranks as head of Strategy and Technology. The newly created position will report directly to CEO Michael Armstrong.
A former Deloitte Consulting adviser and financial services veteran, Sahasrabudhe will be responsible for bringing together the resources of the firm and the broader RBC enterprise to tackle strategic challenges, pursue new growth opportunities and evolve the firm’s technology to enhance the business and deliver a strengthened client and advisor experience.
Sahasrabudhe’s appointment is the latest in a series of significant investments in people and technology at RBC Wealth Management-U.S. over the past nine months.
“We are building a firm geared for growth,” said Michael Armstrong, CEO of RBC Wealth Management-U.S. “We have incredible momentum and that’s enabling us to attract some of the top talent in the industry and fill key leadership roles with industry veterans.”
Other recent key hires include Ann Senne, who joined as head of Advice & Solutions in November; and Angie O’Leary, formerly of U.S. Bank, who was named head of Wealth Planning in March. As with the head of Strategy and Technology position, both are newly created roles at the firm. Also in November, the firm brought in Bryan Mullin, former principal and director of alternatives research at Slocum Inc., to serve as head of Alternative Investments.
Under Armstrong’s direction, RBC Wealth Management-U.S. is also doubling down on investments in technology in order to digitally enable advisors and enhance the advisor-client experience. Earlier this year the firm launched RBC WealthPlan, a customized version of PIEtech’s innovative MoneyGuidePro® wealth planning software, to further refine its focus on goals-based advice in the U.S.
“Working with our internal partners and developing alliances with best-in-breed technology partners will be critical to our continued success,” Armstrong said. “As Head of Strategy and Technology, Amit will play a crucial role in that strategy.”
In the United States, RBC Wealth Management operates as a division of RBC Capital Markets, LLC. Founded in 1909, RBC Capital Markets, LLC. is a member of the New York Stock Exchange, the Financial Industry Regulatory Authority, the Securities Investor Protection Corporation, and other major securities exchanges. RBC Wealth Management has $289 billion in total client assets with approximately 1,800 financial advisors operating in 200 locations in 40 states.
Nicole Garrison, RBC Wealth Management612-371-2999, nicole.garrison@rbc.com
Investment and insurance products offered through RBC Wealth Management are not insured by the FDIC or any other federal government agency, are not deposits or other obligations of, or guaranteed by, a bank or any bank affiliate, and are subject to investment risks, including possible loss of the principal amount invested.