As the head for credit solutions, Kay will develop credit products for the bank’s international UHNW client base, which includes those with at least roughly US$30 million to invest.

He will relocate to Toronto when he begins his new role in August and will report to Michael Lagopoulos, deputy chairman of RBC Wealth.

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Earlier, Kay was the head of credit products for RBC Wealth’s global trust and U.K. businesses.

Previously, Kay was head of credit products for RBC Wealth’s global trust and the UK businesses.

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