The firm will deploy iCapital's platform to provide seamless and secure end-to-end alternative investing capabilities that includes digital fulfillment, administration, document management, reporting and educational materials.
RBC Wealth Management has appointed iCapital Network to further enhance its alternative investments offering for clients globally, beginning in Asia.
The solution complements the bank's existing investment solutions and global banking capabilities, and provides clients with intuitive, digital and secure access to alternatives, the announcement said.
«We are increasingly working with Asia’s global families, providing insights and advice to ensure that their investment portfolios are resilient and geared towards the long-term,» Terence Chow, head of RBC Wealth Management – Asia, said in the announcement.
Asia Focus
RBC Wealth Management, which has C$1.1 trillion of assets under administration and C$836 billion of assets under management, has made Asia’s global families a focus of its growth efforts in the region.
The firm has bulked up in Asia this year, with more than 10 new private bankers and two senior wealth planning hires. RBC has about 2,000 employees in Asia working across wealth management, global asset management, capital markets and investor and treasury services.
