RBC Hires Allen to Lead Singapore Operation

Royal Bank of Canada (RBC) has appointed Andy Allen as a managing director to lead its securities and asset servicing business in Singapore.

Allen joins the company from J.P. Morgan Investor Services where he was an executive director and head of sales, custody and clearing, for its Asia-Pacific business since mid-2012.

Allen has spent 17 years in Asia, serving in various executive roles at Standard Chartered Bank in Singapore, and at Goldman Sachs and HSBC in Hong Kong.

Based in RBC’s Singapore office, he will report to Andrew Gordon, managing director, Asia, RBC Investor & Treasury Services.

“Singapore is a leading market for UCITS fund distribution in Asia, a significant hub for wealth management and home to a number of sovereign wealth funds. Andy’s extensive experience in the industry together with his relationships in Asia will be invaluable in leading our business and client activity in this important market,” says Gordon.

RBC’s Investor & Treasury unit includes asset servicing, custody, payment and treasury services.