The international arm of RBC Wealth Management, part of Royal Bank of Canada, appoints Wasim Afzal to the position of Manager in Structured Notes and Fixed Income, Advisory. Afzal will be responsible for developing RBC Wealth Managements structured notes offering for its High Net Worth (HNW) and Ultra HNW clients.
Afzal has more than twelve years experience in the industry. He previously worked for RBC Capital Markets, the corporate and investment banking arm of RBC, and, before that, was at Lehman Brothers and Deutsche Bank. His specialisms include structured credit products, structured rates and fund derivatives.
In this low interest rate environment, we are finding that one of the main preoccupations of HNW clients is how to generate yield, and we are talking to our clients about investing in structured products to realise this goal, says Phil Cutts, head of Advisory, RBC wealth management, British Isles, and head of the joint venture between RBC capital markets and RBC wealth management. Wasims role is to find our clients the best structures, solutions and pricing from a wide range of providers. This highlights RBC Wealth Managements open architecture model, which enables us to deliver our clients competitive and innovative solutions.
D.C.