RBC Wealth appoints two heads of business in Jersey
The wealth management arm of Canadian bank Royal Bank of Canada has appointed two new heads of business as the bank continues to expand its European business.
Alison Creed and David McCrae have been promoted as joint heads of corporate employee and executive services, reporting to Paul Patterson, managing director and regional head of RBC Wealth Management in the British Isles, and based in Jersey.
Creed will focus on the offshore business while McCrae will sit on the international side.
The CEES group is responsible for administrating corporate structures, private equity plans, benefit plans, including international pension plans, stock and share plans and property funds for clients.
It manages around 600 plans for 450 corporate clients out of its Jersey, Guernsey, Edinburgh, London and Geneva offices.
Creed and McCrae were previously at Abacus Financial Services, which RBC Wealth acquired in 2005.
The Canadian wealth manager has been hiring aggressively over the last year. Last month Mark Evans, head of wealth management for the British Isles, told Wealth Bulletin the bank wants to hire extensively to expand its European business.
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