Royal Bank of Canada has plucked away executives from Wells Fargo and Credit Suisse to be the co-heads of U.S. consumer and retail investment banking, according to a news report.
The $855 billion-asset Toronto bank has hired Andrew van der Vord from Credit Suisse and David Frank from Wells,
Van der Vord was the global vice chairman of consumer investment banking for the $842 billion-asset Credit Suisse since 2009, according to his
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The Canadian bank's U.S. wealth management arm is moving toward a hybrid digital-human advice platform, partnering with BlackRock's FutureAdvisor to add robo tools for its 1,900 advisers.
February 3 -
Dave McKay, the president and CEO of Royal Bank of Canada, has spent much of his time as head of the second-largest Canadian bank plotting the acquisition of the coveted $36 billion-asset City National in Los Angeles. Now he has to execute on a strategy of cross-selling products to affluent customers of both banks while expanding geographically.
November 5 -
A Los Angeles-based community group has dropped its objection to the proposed sale of City National Bank to Royal Bank of Canada and now says the deal should be expedited.
June 24
Frank was head of retail investment banking for the $1.8 trillion-asset Wells Fargo since 2011. From 1999 to 2011, he worked at Credit Suisse, initially as a director and later as head of retail investment banking, according to his
