The new co-CEOs, already employed at the bank, are part of a build-out of its services, the group said. The roles are newly created.

Royal Bank of Canada has appointed two co-CEOs for its RBC Europe Limited business. 

The co-leaders, whose roles are newly created, are Sian Hurrell and Robin Beer, the Canadian bank told WealthBriefing when asked about the matter.

In their expanded roles, Hurrell and Beer will set the strategic direction across the region, RBC said in a statement yesterday. They will also be responsible for the governance and regulatory oversight for RBC's capital markets and wealth management activities in Europe. 

Hurrell and Beer will keep their existing roles as head of capital markets for Europe and head of global sales and relationship management and CEO of RBC Wealth Management Europe, respectively. 

"After many years of building and investment, we are ready to accelerate our growth ambitions in Europe," Derek Neldner, group head, RBC Capital Markets, said. "We have three strong European businesses, a trusted reputation, enviable financial strength and top talent. By working cohesively across the region, we will use our combined scale to empower growth, serve more clients and win market share."

The group has expanded, for example via its 2022 acquisition of UK wealth management firm Brewin Dolphin. 

"With the integration of RBC Brewin Dolphin, the UK and Europe are an important part of our global growth ambitions and we’re focused on building our presence in the market," Neil McLaughlin, group head, RBC Wealth Management, said.