RBC Boosts Transatlantic Private Client Team In London

Canada’s RBC Wealth Management has appointed Shehreen Quayyum and Jaime Zuloaga as directors for the Americas desk at the firm’s London-based UK private client wealth management team, continuing a number of recent senior moves.

Quayyuum – formerly of HSBC – and Zuloaga – formerly of Barclays – report to Martin Heale, who was appointed head of Americas in July last year, according to a statement from RBC.

The existence of an Americas desk highlights how RBC, which holds a licence from the Securities and Exchange Commission, is making a virtue out of being a North American bank at a time when some large non-US firms have ceased providing services to expat US citizens due to the regulatory burdens perceived in the US FATCA Act. (To view a recent interview with RBC about its international strategy and related issues such as branding, click here.)

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