RBC Wealth Management has bolstered its Jersey private client team with the addition of Nic Butt and Martin Carolan.

The pair, who both report to Tim Houghton, head of offshore private client wealth management, have been appointed as team leader and wealth manager respectively.

Butt joins from Kleinwort Benson, where he headed up the UK resident non-domiciled clients team, the UK-based Middle East team and, most recently, the portfolio management team. He will now focus on expanding RBC Wealth Management’s offshore private client business, leading a team focusing mainly on the high net worth UK resident non-domiciled market.

Carolan also joins from Kleinwort Benson, where he was a private banker covering HNW clients, corporates and trusts. In his new role he is charged with growing RBC Wealth Management’s book of UK resident and resident non-domiciled clients.

Earlier this week came the news that Capgemini, the consulting firm which has partnered with Merrill Lynch in producing a closely-watched global wealth report, will now work with Royal Bank of Canada instead to produce this survey.

The World Wealth Report is now in its sixteenth year. The new partnership also includes the annual Asia-Pacific survey.