RBC Wealth Management, part of Royal Bank of Canada (RY on TSX and NYSE), today appointed Andrew Turczyniak as Head of Asia. Based in Hong Kong, Mr Turczyniak will be responsible for building RBC Wealth Management’s business in Asian markets. He will report to Barend Janssens, Head of Emerging Markets, RBC Wealth Management.
Barend Janssens commented: “Andrew brings with him a wealth of experience as a leader and has established deep relationships in the region, making him the perfect person to develop our business in Asia further. In particular his previous success in strengthening the collaborative efforts between RBC Capital Markets and RBC Wealth Management will allow us to accelerate our growth strategy.”
Mr Turczyniak has over 18 years of international banking and capital markets experience. He joined RBC in 1995 and has worked for RBC Capital Markets and Wealth Management in London, Sydney and Hong Kong, where most recently he held the position of Chief Executive Officer, Hong Kong, for RBC Capital Markets. He is also currently the Chairman of the Board of Governors of the Canadian Chamber of Commerce in Hong Kong.
The appointment is the latest move in RBC Wealth Management’s development of its Emerging Markets business and its focus on high growth markets including in Asia. It follows the acquisition of the wealth management business of Fortis Wealth Management Hong Kong Limited in November 2010.
One of the world’s 10 largest wealth managers, RBC Wealth Management employs over 230 people in its offices in Hong Kong, Singapore, Brunei and Beijing and serves over 1,000 high net worth clients in Asia.