PEOPLE MOVES: Phoenix, River and Mercantile, Stenham
Phoenix names senior leadership in wake of Standard Life acquisition, Stenham Wealth appoints RBC alumni in Jersey, and River and Mercantile names Australian rugby legend to lead ops down under.
RBC
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Wealthy women take the lead on financial planning
Women are increasingly the household decision-makers in financial affairs, according to a global survey.
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PEOPLE MOVES: Schroders, Intrinsic, RBC Wealth Management
Schroders has confirmed the departure of a long-standing director in the Middle East, while OId Mutual Wealth’s adviser network Intrinsic has appointed an operations director and RBC Wealth Management targets adviser relationships with its latest recruit.
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RBC Wealth plots 2018 Jersey growth
RBC Wealth Management International’s fiduciary services division is planning to expand in 2018 through the deliberate and targeted recruitment of directors with specific books.
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Majority of Asia’s rich overlooking succession planning
Asia’s wealthy cross border families are largely unprepared to transfer wealth to the next generation according to research.
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RBC Wealth axes 3% of jobs in Channel Islands and UK
RBC Wealth Management is making redundant around 3% of its 1,200-strong staff from offices based in Jersey, Guernsey, London and Edinburgh.
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40% of entrepreneurs prefer lifetime gifting in estate planning
Two fifths of business owners and entrepreneurs are pursuing a “giving while living” approach when it comes to estate planning, according to a new report by RBC Wealth Management, creating the “biggest opportunity” for financial advisers.
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SMP Partners buys Royal Bank of Canada offices in Caribbean
Isle of Man headquartered SMP Partners Group has acquired offices in the Cayman Islands and Barbados following completion of its purchase of Royal Bank of Canada’s trust, fund administration and custodian business in the Caribbean.
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PEOPLE MOVES: RBC WM, Moola, Ascot Lloyd
Canada’s RBC has appointed a head of wealth management for its businesses in the UK, the Channel Islands and Asia. Gemma Godfrey’s Moola has poached its chief investment officer from BlackRock, while Ascot Lloyd has created a new head of advice role.
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PEOPLE MOVES: Standard Life, Quilter Cheviot, Crowe CW
Standard Life’s chief executive for UK and Europe Pensions and Savings is to retire, with Quilter Cheviot’s chief executive announcing similar plans. Audit, tax and advisory firm Crowe Clark Whitehill sadly announced on Friday that its national head of private clients has died.
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PEOPLE MOVES: Aviva Investors, Manulife, Aegon
Aviva Investors has added four senior people to its client solutions team, while Manulife has named its new chief operating officer. Aegon’s chief financial officer is to depart, with Axa Investment Managers boosting its management team.
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Aviva buys Royal Bank of Canada insurance business
UK insurer Aviva has strengthened its market position in the Canadian market with the acquisition of the Royal Bank of Canada (RBC) General Insurance Company.