The international division of RBC Wealth Management helps meet the wealth management needs of high net worth individuals, niche corporations and institutional clients worldwide.
Foster is currently co-head of RBC Wealth Management’s Caribbean business, based in Cayman, and has been responsible for trusts, investments and private client services in the region since 2013.
RBC said in his new role, which is subject to regulatory approval and will be based in Jersey, Foster will continue to report to Stuart Rutledge, CEO, RBC Wealth Management – International.
“I am sure that with David’s focus on operational effectiveness and client service our award-winning British Isles fiduciary services business will go from strength to strength,” Rutledge said.
Foster entered the financial services industry in 1979, working first in commercial banking for over a decade, before moving into private banking with Coutts. He moved to Cayman as head of private banking of Coutts’ Caribbean business in 2007. Foster joined RBC Wealth Management as a Managing Director in 2012, before becoming Co-Head of the Caribbean business in 2013.
