RBC Wealth Management Creates Business Development Role For Caribbean, British Isles

Eliane Chavagnon

5 February 2014

(This story originally appeared on 10 January; it has been refiled for technical reasons.)

RBC Wealth Management Creates Business Development Role For Caribbean, British Isles

RBC Wealth Management has appointed Tim Houghton to the newly-created role as head of business development for the Caribbean and British Isles.

Based in Jersey, Houghton will develop and lead a consolidated business development function across the Channel Islands, UK and Caribbean. He will distribute strategies across the firm’s key target markets, while serving the “key facilitator” between the business’ manufacturing solutions and distribution activities, RBC said today.

Houghton will join the British Isles and Caribbean operating committee, reporting to Stuart Rutledge, chief executive of RBC Wealth Management for the British Isles and Caribbean.

Houghton, who joined RBC in 1999, has served as head of offshore private client wealth management since 2011. In this role, he oversaw the distribution teams in Jersey and Dubai, as well as the banking platform in the British Isles.

In a related move last July, RBC Wealth Management appointed UK-based Mike Moodie to the newly-created post of vice president and managing director for the ultra high net worth segment of RBC Wealth Management - British Isles and Caribbean.

RBC Wealth Management affluent, high net worth and ultra high net worth clients in Canada, the US, Latin America, Europe, the Middle East, Africa and Asia.

The firm has more than C$639 billion ($of assets under administration, some C$387 billion of assets under management and over 4,400 financial consultants, advisors, private bankers and trust officers.