Called the Offshore Advisory Service, RBC said clients would be offered “customised” investment advice, execution and asset custody.
RBC, which is part of Royal Bank of Canada, said the service was an extension of a previous – “more limited” – whole of market offshore proposition. There is also an offshore discretionary service, as well as similar onshore options.
The service is headed by Barry Hardisty. RBC said Elif Carr had also joined the team as an investment adviser from Standard Bank. Lynn Jones sits above both as head of advisory.
Jones said: “This service answers a clear client need and enables us to offer a full advisory service to our offshore and trust clients just as we currently do in the UK onshore. Our offshore advisory capability will allow us to offer more flexibility in helping our trustees with their investment decisions.”