People Moves

RBC Wealth Management Builds Out Asia Team

Editorial Staff 18 December 2020

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The group, part of Royal Bank of Canada, has added a number of figures to its wealth management teams in Hong Kong and Singapore, among other locations, in recent months.

RBC Wealth Management has appointed former Credit Suisse figure Ida Lew as head of strategic initiatives for Greater China, building out its offerings in the area.

Lew will work with Beijing-based Belle Hu, associate director, business development, who joined the firm earlier this year. Lew is based in Hong Kong and reports to Ignatius K K (Iggy) Chong, head of private banking, Greater China and Michael Reed, head of wealth management, Southeast Asia.

“The China market is key to our strategy serving Asia’s global families, which are, for RBC, families with cross-border presence across multiple jurisdictions, specifically Canada, the US and the UK,” Chong said. 

At Credit Suisse Lew worked in strategic recruitment and market prospect management roles. Prior to that, she worked at UBS as business manager, covering China and Japan markets of both HNW and UHNW segments. She was a management consultant (strategy and operations) with Deloitte in the earlier part of her career.

The appointments follow those of several managers across the Asia region. In August, RBC Wealth Management appointed RMS in Singapore, including Jason Tong as executive director (from Bank Pictet & Cie (Asia)), to serve the financial and wealth planning needs of its HNW and UHNW clients. In July, it said Ada Chan had joined its Singapore relationship management team as senior director from UBS. In May, it made two senior wealth planning hires to cover the region: Alvin Chiam joined RBC’s Singapore team as wealth planner, and Belle (Jing) Hu joined as associate director, business development based in Beijing.

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