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.
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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
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By GlobalDataRBC 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.
