The wealth manager has strengthened its position in Asia with the hire of four new senior bankers to serve the financial and wealth planning needs of high-net-worth (HNW) and ultra-HNW (UHNW) clients.
The wealth management arm of the Royal Bank of Canada (RBC) maintains its hiring momentum in Asia with the latest addition of directors Vincent Cheng, Ellis Lau, Leo Zhang and Yoon Tae-Jung to its relationship management team in Hong Kong.
They will provide advice and wealth management solutions to clients in the region who have ties globally, especially to Canada, the U.S. and U.K. – a segment the firm refers to as Asia’s global families.
«Wealthy families in Greater China and across Asia are increasingly operating across borders, which brings complexities in terms of investments, tax residency and wealth transfer across multiple jurisdictions,» Ignatius K.K. Chong, RBC Wealth Management’s head of private banking for Greater China, said.
Wealth of Experience
Zhang, who joined RBC in 2017, relocates to Hong Kong from Toronto, where he held a similar role supporting families with international wealth management needs. Yoon joins from Hope Chain Asset Management in Hong Kong, and previously held relationship management roles at BNP Paribas and EFG Bank, and investment banking positions at Blue Ocean Strategic Capital Management, Hyundai Securities and Tong Yang Securities. They report to Shirley Tang, managing director and team head, and Angel Choy, executive director, team head, respectively.
Vincent Cheng, Director, Relationship Management, RBC Wealth Management
Cheng (pictured above) joins from Bank of Singapore, where he was a relationship manager. He also brings experience from Hang Seng Bank, BNP Paribas Wealth Management and Bank of Communications. Lau joins from Glory Sun Securities, where he was investment solutions director. Lau previously worked at CM Securities, UBS, Aon and Macquarie Capital. The pair report to Xygent Chan, who joined RBC as executive director, team head earlier this year.
