Lagopoulos, formerly president and CEO of RBC Wealth Management’s international business, will focus on developing RBC Wealth Management’s UHNW business by strengthening existing relationships and acquiring new UHNW clients outside of Canada.
He will continue to sit on the boards of RBC Wealth Management’s main international subsidiaries.
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As part of restructuring, RBC Wealth Management will expand business from three geographic businesses to four that include Canada, US, UK and Emerging Markets, and it will include three cross-border groups Global Asset Management, Global Trust and Global Wealth Services.
The new business plan is scheduled to be effective 1 November 2010 and enables RBC Wealth Management to leverage its diverse businesses to form a full-spectrum client service offering and enhance support for its client-facing professionals.
RBC Wealth Management Group head George Lewis said that the company anticipates a tremendous opportunity for growth in areas such as Asia, Latin America, the Middle East and Eastern Europe.
Creating a dedicated focus on emerging markets and on the international UHNW segment is an important commitment to the growing numbers and international needs of our clients and bringing them the best of RBC and RBC Wealth Management, Lewis said.
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