The Canada-based business has made two senior appointments within its enterprise private client and regional business/strategy teams in Greater China and North Asia.

RBC Wealth Management, part of Royal Bank of Canada, has named two senior leaders in Asia as well as a number of other joiners in the region.

Ignatius (Iggy) KK Chong (pictured), previously head of private banking for Greater China, has been appointed head of enterprise private clients for Asia. The newly-created role sees Chong responsible for coverage of ultra-high net worth clients’ complex financial needs across regional geographies and products. 

Chong's specific new business area, described by RBC Wealth Management as Asia’s "global families," has international ties with Canada, the US or the UK through business interests, employment, property or education.

“Iggy will lead initiatives with RBC’s most wealthy client families in Asia, ensuring that we understand their goals, values and aspirations,” said Terence Chow, head of RBC Wealth Management in Asia. 

“He will work closely with global colleagues to serve this important client base by delivering the best that RBC can offer, including our global reach, financial stability and full suite of solutions to build, protect and transition their wealth through the generations,” Chow added.

In a separate move, Nick Chan has joined RBC Wealth Management as head of private banking, North Asia, to lead the bank’s regional business and strategy in the region. He has spent more than 20 years in wealth management across Asia and was most recently deputy CEO and head of family office Asia-Pacific at London-based StormHarbour Securities. 

Prior to this, he worked at Morgan Stanley Private Wealth Management in Hong Kong and Singapore for 14 years, including as head of Southeast Asia PWM and co-head of PWM Sales Management for Asia-Pacific. Before that, Chan was a senior producer for the UHNW segment at Goldman Sachs in Asia. 

“I am delighted to welcome Nick to RBC. His breadth of experience and extensive connectivity across the region, combined with his leadership skills and client focus, will further fuel momentum towards our growth goals and bring increasing value to Asia’s global families,” Chow said.

Chong and Chan are based in Hong Kong and report to Chow, the bank said yesterday.

Other new additions to the RBC fold are private bankers Franky Lee, Elroy Wong and Ellen Choi who have joined its wealth management division in Hong Kong, bringing the number to 11 relationship managers who have joined the firm in Hong Kong over the past year. Lee previously worked with Bank of Singapore, Wong joined from LGT (HK) and Choi from EFG Bank AG. 

To view RBC Wealth Management's recent outlook on financial markets and its asset allocation views, see here.