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News Releases

 

RBC Wealth Management hires non-resident Indian team from Citi

London, 5 January, 2009 — RBC Wealth Management, the wealth management arm of Canada's largest bank, Royal Bank of Canada (RY on TSX and NYSE), and one of the top 20 private banks in the world, today announced the appointments of Sumit Sibal, Amit Kachawaha, Amit Kotha and Vikram Anand, with a mandate to cover Non-Resident Indian clients. The team will be based at RBC's London office. The appointment reflects RBC's growing coverage of non-residents in Europe and Asia.

The team joins RBC Wealth Management from Citibank International Plc. with more than 30 years' combined banking experience, and is led by Sumit Sibal. The team will be responsible for delivering RBC's fully integrated offering, including investment advisory, discretionary, credit, trust, tax and banking solutions to their clients.

Mark Evans, Head of Private Banking, British Isles, RBC Wealth Management, said: "This team is an excellent addition to RBC Wealth Management's private banking group in London. The team comes with strong credentials and an extensive book of clients. The appointment of the non-resident Indian team demonstrates our commitment to building out our wealth management platform by continuing to hire talented individuals. These latest hires are further evidence that RBC's strength and stability is proving attractive to high quality candidates as well as to clients and investors who increasingly value a strong and stable partner."

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Media Enquiries:
Greentarget, London
Anna Watson
Telephone: +44 (0)20 7680 5052

RBC Wealth Management
Sanam Alaghband / Beverley Weber
Telephone: +44 (0)20 7002 2013 / + 44 (0)20 7029 7685

About RBC Wealth Management
With approximately C$500 billion of global assets under administration and C$220 billion of global assets under management, RBC Wealth Management provides integrated and diversified international wealth management expertise and solutions, asset management and trust services to high net worth individuals and to corporate and institutional clients. Services provided by our more than 4,000 consultants, advisors, private bankers and trust officers include trust and estate planning, tax advice, discretionary investment management and investment advisory services, structured solutions, banking, lending and global custody. The international arm of RBC Wealth Management services over 35,000 high net worth individuals and institutions through 35 offices in the British Isles, Continental Europe, Asia, the Middle East, the Caribbean, Latin America and North America. For more information, please visit www.rbcwminternational.com

About RBC
Royal Bank of Canada (RY on TSX and NYSE) and its subsidiaries operate under the master brand name RBC. We are Canada's largest bank as measured by assets and market capitalization, one of North America's leading diversified financial services companies and among the largest banks in the world as measured by market capitalization. We provide personal and commercial banking, wealth and asset management services, insurance, corporate and investment banking and transaction processing services on a global basis. We employ more than 80,000 full- and part-time employees who serve more than 17 million personal, business, public sector and institutional clients through offices in Canada, the U.S. and 48 other countries. For more information, please visit www.rbc.com.

 



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01/05/2009 16:30:27