RBC Wealth Management is folding its Northwest region into the West, Midwest and South regions, effectively cutting its number of private client regions in the United States to six from seven.
The changes, announced internally by Royal Bank of Canada last week, will affect the Portland, Seattle, Denver Tech and Great Falls branch complexes.
The Portland and Seattle branch complexes will be moved to the West region, which is headed by Bill Hubbard. Hubbard will oversee Dick Sorenson, who headed the Portland complex, and Mike Nielson, Seattle complex director, according to an internal memo.
The Denver Tech complex is moving to the South under Darryl Traweek, a regional director of the South region. Traweek will oversee Mike Bristow, head of Denver Tech.
The Great Falls Complex will be under the Midwest region, headed by Tom Sagissor. He will oversee Dan Ball, head of Great Falls complex.
Jeff Mallulla, who was the interim regional head of the Northwest region, will assume a newly created role of associate regional director for the West region. He will report to Hubbard, and will focus on formulating and executing strategies to help West region brokers increase productivity.
