Sunday, 22nd November 2009

 
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4 September 2009 - Tara Loader Wilkinson

RBC's wealth unit hires for LatAm expansion

RBC Wealth Management, part of the Royal Bank of Canada, has hired a team of two for its Latin America desk in Geneva.

Santiago Cedron and Patricio Demaria join from UBS and JP Morgan respectively and will report to Thomas Roiz, the head of the desk. Roiz joined in July from Citigroup.

Year to date, RBC Wealth Management has hired around 1,100 individuals.

Tags: RBC Wealth Management

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Relocation, relocation, relocation

Banks have never been shy of firing staff at the merest whiff of a downturn. First the fat, then the muscle and finally the bone. In the past, cuts have been so deep that firms have found it hard to benefit when the markets rebounded, paying over the odds to restaff at speed. Such wild oscillations in staffing numbers are known as “doing a Merrill”.

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