RBC Wealth Management, part of Royal Bank of Canada (RBC), has appointed two senior executives to its relationship management team in Hong Kong.
Fenny Chan and Angela Chow join the private banking team as directors to support high-net-worth and ultra-high-net-worth clients in the region.
They will focus on working with families in Greater China who have international ties with Canada, the United States or the British Isles as a result of business interests, employment, property or education – a key strategy for the bank.
“As wealth continues to accumulate rapidly in Asia, RBC Wealth Management is uniquely positioned to support families who have international ties,” says Ignatius (Iggy) K.K. Chong, RBC Wealth Management’s head of private banking for Greater China. “The evolution of schemes such as Wealth Management Connect is further cementing Hong Kong’s position as a fantastic base to serve multiple generations of wealthy families across Asia and creating further opportunities for RBC."
Chan joins RBC after 25 years in senior client roles at HSBC, where she provided wealth solutions across banking, investment advisory and wealth planning. Chow previously worked at Credit Suisse, where she was vice president, relationship manager supporting the wealth management needs of high-net-worth clients. Earlier in her career, she worked at BNP Paribas, LGT and Citibank (HK). Both report to Xygent Chan, who joined the firm earlier this year.
Over the past year, RBC Wealth Management has announced several new private banking hires – including 11 new relationship managers in Hong Kong – to support a growing client base and the bank’s ambitions in the region.