RBC Wealth Management Hires Three Industry Veterans as Greater China Heads

Private Banking

RBC Wealth Management (RBC WM) today announced the addition of three Greater China Heads based in Hong Kong. Reporting to Michael Yong-Haron, Managing Director and Head, RBC Wealth Management, North Asia, are Iggy Chong, Lorraine Lam and Yi-An Chen, who each lead a team of relationship managers.

The Greater China teams focus on Hong Kong, China and Taiwan, leveraging their local expertise. These teams further build scale for RBC Wealth Management in North Asia.

Iggy Chong, Managing Director, joins RBC WM from Coutts, where he worked for 20 years and held a range of senior positions. Lorraine Lam, Executive Director, joins RBC WM from Credit Suisse, and has spent many years covering the ?China market. Yi-An Chen, Executive Director, joins RBC WM from ANZ Hong Kong and has deep local experience and network in Taiwan.

“We are extremely pleased to announce the hiring of three industry veterans, each with at least 20 years of experience and an impressive depth of understanding of their core markets,” said Mr. Yong-Haron. “Today’s announcement further demonstrates RBC Wealth Management's commitment to growing our business in Asia. We are driving that growth by attracting high-producing, seasoned financial professionals who are focused on strong client service.”

About RBC Wealth Management:

RBC Wealth Management is one of the world’s top five largest wealth managers*. RBC Wealth Management directly serves affluent, high-net-worth and ultra-high net worth clients in Canada, the United States, Latin America, Europe, the Middle East, Africa, and Asia with a full suite of banking, investment, trust and other wealth management solutions. The business also provides asset management products and services directly and through RBC and third party distributors to institutional and individual clients, through its RBC Global Asset Management business (which includes BlueBay Asset Management). RBC Wealth Management has more than C$700 billion of assets under administration, more than C$442 billion of assets under management and approximately 4,400 financial consultants, advisors, private bankers, and trust officers. For more information, please visit www.rbcwealthmanagement.com

*Scorpio Partnership Global Private Banking KPI Benchmark 2014. In the United States, securities are offered through RBC Wealth Management, a division of RBC Capital Markets, LLC, a wholly owned subsidiary of Royal Bank of Canada. Member NYSE/FINRA/SIPC. 


Royal Bank of Canada is Canada’s largest bank, and one of the largest banks in the world, based on market capitalization. We are one of North America’s leading diversified financial services companies, and provide personal and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global basis. We employ approximately 79,000 full- and part-time employees who serve more than 16 million personal, business, public sector and institutional clients through offices in Canada, the U.S. and 40 other countries. For more information, please visit rbc.com.

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