RBC Wealth appointments boost Jersey private client team

RBC Wealth Management, which is part of Royal Bank of Canada has named Nic Butt as a team leader and Martin Carolan as a wealth manager in its Jersey-based private client wealth management team.

Butt, who will be mandated to expand RBC Wealth Management’s offshore private client business, leading a team focusing primarily on the high net worth UK resident non-domicile market, previously headed up the portfolio management team at Kleinwort Benson.

Carolan will be charged with building out RBC Wealth Management’s book of UK resident and resident non-domiciled client base, in his previous position at Kleinwort Benson he was a Private Banker looking after high net worth clients as well as corporates and trusts.

Butt and Carolan will report into Tim Houghton, head of private client wealth management-offshore: Houghton said: “The impressive background, knowledge and expertise that Nic and Martin bring make them a natural fit for our team. I look forward to working with both of them as we look to achieve the ambitious growth targets we’ve set ourselves.”

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