RBC Wealth Management, the private banking arm of the Royal Bank of Canada, has appointed Tim Houghton as their new head of business development in the British Isles and Caribbean.

Houghton has been with the bank for nearly fifteen years, his most recent position being the head of offshore private client wealth management. His new position will be based in Jersey, where he will report to Stuart Rutledge, the CEO of RBC Wealth Management for the British Isles and Caribbean.

Rutledge said: "Tim is a widely-respected colleague with proven experience of building and leading teams across multiple locations. He is perfectly placed to take on this important new role fostering our jurisdiction-neutral approach to business development."