New York, October 28, 2011 – RBC Wealth Management, part of Royal Bank of Canada (RY on TSX and NYSE), today announced the appointment of two new U.S.-based Directors within RBC Wealth Management’s International Solutions Team.
Wayne Pearson has been appointed Director, International Solutions. Based in New York, Mr Pearson will lead the Team in the Northeast region of the U.S. including New York, Connecticut, New Jersey, Virginia and Washington DC. Based in San Francisco, Roberta Ruddy has also been appointed Director, International Solutions, and will cover the West Coast region including California. Both will work closely with RBC partners and professional advisors in providing specialist support for the delivery of wealth management services, including access to RBC’s world-leading trust solutions.
Located in key territories in the U.S. and Canada, RBC Wealth Management’s International Solutions Team works closely with professional advisors and RBC’s network of offices in financial centres around the world to provide high net worth and corporate clients with access to a wide range of wealth management solutions, including trust and fiduciary services, private banking, investment solutions, credit and financing solutions, custody, and corporate employee and executive services.
Ralph Awrey, Managing Director, International Solutions, RBC Wealth Management, said: “A fast-moving regulatory environment and volatile markets have added to the already complex needs of our international high net worth client base. Wayne and Roberta both have deep knowledge of U.S. tax and estate law and its impact on clients with interests or connections with the U.S., coupled with a thorough understanding of RBC’s product suite. They are perfectly placed to build our partnership with advisors in the New York and San Francisco areas further.”
Mr Pearson has held roles with RBC Wealth Management in Jersey, Channel Islands, where he was a Director of the trust and fiduciary business and, most recently, in the International Solutions Team in Calgary, Alberta. He is admitted as a Barrister and Solicitor of the High Court of New Zealand and is a member of the Society of Trust and Estate Practitioners.
Ms Ruddy began her career as an attorney before moving into private banking. She has over 20 years’ experience in developing and implementing tax-efficient wealth transfer and estate planning strategies and fiduciary structures for high net worth clients in the U.S. and Latin America and most recently has worked for RBC Wealth Management’s International Solutions Team in New York. She holds a Bachelor of Arts degree from Barnard College and a Master of Arts degree from Columbia University. She is also a graduate of the Columbia University School of Law and is admitted to the New York State Bar.
About RBC Wealth Management
RBC Wealth Management is one of the world’s top 10 largest wealth managers. RBC Wealth Management directly serves affluent, high-net-worth and ultra high net worth clients in Canada, the United States, Latin America, Europe, the Middle East, Africa and Asia with a full suite of banking, investment, trust and other wealth management solutions. The business also provides asset management products and services directly and through RBC and third-party distributors to institutional and individual clients, through its RBC Global Asset Management business (which includes BlueBay Asset Management). RBC Wealth Management has more than C$525 billion of assets under administration, more than C$310 billion of assets under management and approximately 4,500 financial consultants, advisors, private bankers and trust officers.
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, and among the largest banks in the world, based on market capitalization. We are one of North America’s leading diversified financial services companies, and provide personal and commercial banking, wealth management services, insurance, corporate and investment banking and transaction processing services on a global basis. We employ approximately 74,000 full- and part-time employees who serve close to 15 million personal, business, public sector and institutional clients through offices in Canada, the U.S. and 55 other countries. For more information, please visit rbc.com.
For more information, please contact:
Paul French, RBC Wealth Management, +44 (0)20 7002 2013