Private Banks

RBC Wealth Management hires senior bankers in Asia

RBC Wealth Management, part of the Royal Bank of Canada (RBC), has announced that it has appointed two senior bankers in Asia to support clients’ end to end wealth management needs and further strengthen its market position.

Ada Chan has reported joined as Senior Director, reporting to David Tan, Executive Director and Team Head, North Asia.

An experience banker, Chan joins RBC following 13 years with UBS in Hong Kong where she was a senior banker, working with clients and prospects from Hong Kong, China, Taiwan and Thailand. Prior to that, she spent four years with United Overseas Bank in Hong Kong. Chan brings expertise of wealth planning services, investment products and wider banking capabilities to support clients’ financial needs.

Cheryl Ong has also joined the firm as Director, reporting to Rohit Bhalla, Executive Director and Team Head, South East Asia.

She has almost 25 years’ private banking experience from Standard Chartered, HL Private Bank and most recently CA Indosuez, a subsidiary of Crédit Agricole where she provided trusted advice and wealth management solutions to HNW individuals and families predominantly across South East Asia.

Both Chan and Ong will work in relationship management roles in Singapore with a focus on servicing families in Asia including those who have ties globally, especially to Canada, the US and the UK.

Mike Reed, Head of Wealth Management, Southeast Asia and Chief Executive, RBC Singapore Branch, said: “More than ever, Asia’s global families are choosing RBC for our reputation, values, financial strength and international wealth solutions. We continue to strengthen our relationship management teams with advisors who have a proven track record in developing a deep understanding of clients and building solutions that can help them achieve their financial goals.”

Ong and Chan join RBC’s 2,000 strong employee base in Asia working across Wealth Management, Global Asset Management, Capital Markets and Investor & Treasury Services.

In H1 2020, a number of other new private bankers have joined RBC’s relationship management teams in Asia including Anika Tan from Westpac, Alan Ka from China Citic, and Dyanne Tan from HSBC Private Bank, the firm said in a press release.

In May 2020, RBC announced two senior wealth planning hires to cover the region. Alvin Chiam joined RBC’s Singapore team as Wealth Planner, and Belle (Jing) Hu joined as Associate Director, Business Development based in Beijing, both reporting to Vivian Kiang – Head, Wealth Planning & Trust Administration.