People Moves
RBC Wealth Management Makes Another Top Level UK Hire
RBC Wealth Management has made its second major appointment in the UK within two weeks, naming Daniel Ellis as head of investments for the British Isles.
RBC Wealth Management has made its second major appointment in the UK within two weeks, naming Daniel Ellis as head of investments for the British Isles.
Ellis joins from HSBC Private Bank, where he most recently served as managing director and head of the private bank’s investment group for the UK and Channel Islands – a role which saw him run £12 billion ($18.1 billion) in client assets. Before this he was based in Geneva as HSBC’s head of structured products and before joining the bank in 2001 he worked for Fleming and Lloyds TSB in Jersey.
In his new London-based role Ellis will oversee RBC Wealth Management’s British Isles investment team while also taking up a place on the firm’s British Isles and Caribbean operating committee. On assuming the role at the start of October, Ellis will report to Stuart Rutledge, RBC Wealth Management’s chief executive for the British Isles and Caribbean.
Earlier this month RBC Wealth Management appointed Mike Moodie to the newly-created post of vice president and managing director, ultra high net worth, RBC Wealth Management - British Isles and Caribbean.
Moodie, who has previously held the role of head of RBC Wealth Management for the UK and worked at RBC for over 28 years, will work with, and report jointly to, Paul Patterson, deputy chairman, UHNW, as well as Rutledge.
Moodie will help to lead the coordination and servicing of UHNW clients based in the British Isles and Caribbean; he will continue to be based in London and will take up his new role on 1 September. Also effective from that date, Philip Harris, who is head, private client wealth management, UK, will join the British Isles and Caribbean operating committee, and report to Rutledge.
RBC Wealth Management, part of Royal Bank of Canada, has more than C$604 billion (around $574 billion) of assets under administration, more than C$369 billion of assets under management and over 4,400 financial consultants, advisors, private bankers, and trust officers.