First Republic’s Carmen Castro-Franceschi joins RBC Wealth Management


The First Republic Bank founding member is dedicating her next chapter to wealth management


SAN FRANCISCO (May 26, 2023) – RBC Wealth Management is proud to welcome Carmen Castro-Franceschi as a managing director in its San Francisco office.

Castro-Franceschi was one of nine founding members of First Republic Bank and has been serving the unique needs of ultra-high-net-worth clients for more than three decades. With her move to RBC Wealth Management, she is looking to continue her focus on client service as she dedicates the next chapter of her storied career to wealth management. 

Castro-Franceschi chose to join RBC Wealth Management because of the firm’s unwavering dedication to clients, accessible and engaged leadership team, and extensive services beyond wealth management.

“I’m excited to join a firm with such a long-standing history of putting clients’ interests first,” said Castro-Franceschi. “The warm culture, along with the global resources of RBC, were significant attractions for me. I’m extremely impressed with the sophisticated lending and credit capabilities, as well as the universal commitment to delivering an exceptional client experience.”

“RBC Wealth Management continues to be the place where experienced financial professionals find new pathways to grow and thrive in their careers,” said Tom Sagissor, President, RBC Wealth Management – U.S. “We are thrilled to welcome Carmen to our team, as her relentless focus on clients fits perfectly with our values and culture.”

About RBC Wealth Management – U.S.

In the United States, RBC Wealth Management operates as a division of RBC Capital Markets, LLC. Founded in 1909, RBC Wealth Management 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 $515 billion in total client assets with more than 2,100 financial advisors operating in 187 locations in 42 states.

Media Contact

Megan Boldt, RBC Wealth Management, 612-371-6123,