RBC names Middle East and Levant director

RBC Wealth Management, part of Royal Bank of Canada has appointed Yousif Banayoti as a director for its London-based Middle East & Levant desk.

Banayoti will be tasked with extending the business’ reach into the Middle Eastern markets, with a specific focus on the United Arab Emirates, Kuwait and Qatar. Banayoti moves to London from the United Arab Emirates, where he worked for Credit Suisse Private Banking. He will report to Neena Shah, head of the Middle East & Levant desk.

Mike Moodie, head of RBC Wealth Management-UK said: “We have made a considerable investment into our Middle East & Levant desk as part of our strategy to grow our London team of relationship managers. We are seeing an increase in inquiries from the region as individuals continue to seek out our world-class access to a broad range of banking, investment and trust solutions. Yousif brings with him significant market insight and will be a great addition to a growing team.”

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