Integration of Baltimore BD continues under theacquiring firm's leadership. RBC Wealth Management, formerly RBC Dain Rauscher, has made James Chapman CEO of Ferris Baker Watts (FBW), a Baltimore-based broker-dealer it acquired for $230 million in June 2008. Chapman replaces Roger Calvert, who was head of FBW before the RBC takeover.

At the same time, RBC Wealth Management named Deb Kermeen as FBW's COO, replacing Adrian Teel.

Rising in the east

"I would like to extend my personal gratitude to Roger Calvert and Adrian Teel," RBC Wealth Management's CEO John Taft says in a company release.

RBC adds that Calvert's and Teel's close working ties with FWB brokers has paved the way to the firm's smooth integration with RBC Wealth Management.

Chapman shoulders the responsibility of leading FBW in addition to his role as president of RBC Wealth Management's private-client business. Kermeen had been in charge of integrating FBW with RBC Wealth Management.

Minneapolis-based RBC Wealth Management's acquisition of FBW -- along with its 2007 purchase of Parsippany, N.J.-based broker-dealer JB Hauer -- is meant to strengthen its hand in the eastern U.S. FWB has 42 branches in 10 states and the District of Columbia. JB Hauer has five offices in New Jersey, Pennsylvania and Florida.

RBC Wealth Management, a subsidiary of Toronto-based Royal Bank of Canada, has more than $160 billion in assets under management. -FWR

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