rbc targets european hnws with new role

RBC has appointed Hermann Leiningen to the newly created role of managing director, family office and institutional investments.

rbc targets european hnws with new role

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He is now responsible for building RBC’s ultra-high net worth investments business and targeting global family offices based in Europe.

The company said he will also support the growth of its global asset management arm in Europe.

He will be based in London and report to Mark Fell, head, global ultra-high net worth services.

Leiningen has over 25 years’ experience in the financial industry and has held various roles within Bank of Canada, RBC Global Asset Management and RBC Capital Markets.

The bank said the new role is in line with its strategy to increase its focus on international clients.

On the appointment, Fell said: “Leiningen will prove to be an invaluable member of the team as we continue to build out our ultra-high net worth offering.”

In January, RBC appointed Tim Houghton as head of business development for the British Isles and Caribbean, another newly created role.

The bank said Houghton is responsible for leading a consolidated business development function across the Channel Islands, UK and Caribbean, representing its full range of products and solutions.

 

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