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RBC Wealth Management Names UK, Channel Islands Head

Tom Burroughes

9 May 2019

has named Dave Thomas as head of its international business, covering the UK and Channel Islands. Thomas continues as CEO of the RBC Capital Markets Europe operation. He takes over from Ashif Ratanshi, who left at the end of last year.

Based in London, Thomas will have a joint reporting line to Doug Guzman, group head, RBC Wealth Management and insurance, and to Troy Maxwell, chief operating officer, RBC Capital Markets.

Thomas continues to chair the capital markets Europe operating committee and the WM-I operating committee. He remains executive director, RBC Europe Limited as well as chairman, RBC Global Asset Management (UK) Limited.

Joining RBC in 1992, Thomas has held a number of global and regional mandates in the capital markets business, technology and functions across the organisation.

In his expanded role, Thomas is supported by David Bailey as COO, RBC Wealth Management – International. In this newly-created role, Bailey, who is based in Jersey, is responsible for leading business strategy initiatives and enhancing operational efficiency. Since joining RBC 18 years ago, Bailey has held senior finance posts, most recently as senior director, finance, RBC Wealth Management – International.