The bank is tapping into the potential it sees in the recent Wealth Management Connect scheme, which is designed to bind mainland China, Hong Kong and Macao more tightly together in terms of financial services for affluent and high net worth individuals.

RBC Wealth Management has made two senior appointments to its relationship management team in Hong Kong.

Fenny Chan and Angela Chow are joining as directors at the team, working with high net worth and ultra HNW clients in the region. They will focus on working with families in Greater China who have international ties with Canada, the US or the UK as a result of business interests, employment, property or education.

Chan previously spent 25 years in senior client roles at HSBC, where she provided wealth solutions across banking, investment advisory and wealth planning. Chow previously worked at Credit Suisse, where she was vice president, relationship manager. Earlier in her career, she worked at BNP Paribas, LGT and Citibank (HK). Both report to Xygent Chan, who joined the firm earlier this year.

“The evolution of schemes such as Wealth Management Connect is further cementing Hong Kong’s position as a fantastic base to serve multiple generations of wealthy families across Asia and creating further opportunities for RBC,” Ignatius (Iggy) KK Chong, RBC Wealth Management’s head of private banking for Greater China, said. 

Chong referred to the recently-launched “Connect” scheme that binds the wealth markets of mainland China, Hong Kong and Macao more closely together.

RBC Wealth Management has made a number of recent hires. In June it said that Vincent Cheng, Ellis Lau, Leo Zhang and Yoon Tae-Jung had joined as private bankers. In February, it announced that Xygent Chan had joined as executive director to head a newly-created Hong Kong private bank team.