The company said it will move from three geographic businesses to four: Canada, United States, United Kingdom and Emerging Markets. RBC said the new structure will include three cross-border groups – Global Asset Management, Global Trust and Global Wealth Services – reflecting the business’s focus on continued international expansion of its core services.
Meanwhile it has also appointed Michael Lagopoulos as deputy chairman of its Ultra High Net Worth International division.
Group head, George Lewis said: “We see a tremendous opportunity for growth in areas such as Asia, Latin America, the Middle East and Eastern Europe.
“Creating a dedicated focus on emerging markets and on the international UHNW segment is an important commitment to the growing numbers and international needs of our clients and bringing them the best of RBC and RBC Wealth Management.”