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August 24, 2012updated 04 Apr 2017 3:35pm

Paul Patterson appointed deputy chair at RBC WM

Paul Patterson is to become deputy chair ultra high net worth (UHNW) international at RBC Wealth Management following recent changes to its senior leadership team. The current head of global trust will be taking over from RBC Wealth Managements current deputy chair, Michael Lagopoulous, who will retire on 31 October 2012.

By Lizabeth Davis

Paul Patterson is to become deputy chair ultra high net worth (UHNW) international at RBC Wealth Management following recent changes to its senior leadership team.

The current head of global trust will be taking over from RBC Wealth Management’s current deputy chair, Michael Lagopoulous, who will retire on 31 October 2012.

Patterson’s key focus will be to strengthen the Canadian bank’s existing relationships and build ties with new UHNW clients. He has worked at RBC Wealth Management, a subsidiary of the Royal Bank of Canada, where he took up a variety of roles including head of the wealth division in the British Isles in 2004.

Lagopoulous, a PBI editorial board member, is retiring after a 26-year stint with the bank.

 

New head of Global Trust

RBC said that it had appointed Stuart Rutledge, current head of global wealth services, strategy & transformation as the new head of global trust.

He will be in charge of trust, banking, credit, investments, tax, custody and employee and executive services solutions for UHNW and corporate clients.

As Chair of RBC’s Global Trust Advisory Board, he will also manage RBC Wealth Management’s Trust business globally.

Both appointments will become effective as of 1 October 2012.

 

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