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RBC creates ultra high net worth managing director role

RBC creates ultra high net worth managing director role

RBC Wealth Management has outlined ambitions for the ultra high net worth market with the appointment of Hermann Leiningen.

Leiningen assumes the newly created post of managing director of the bank's family office and institutional investments arm, where he will target clients across Europe.

Leiningen will relocate from RBC's Toronto base to London, reporting to Mark Fell, head of global ultra high net worth services at the bank.

Fell commented: 'Hermann’s extensive international, institutional and investment experience, combined with an in-depth knowledge of our global capabilities, makes him perfectly positioned for this new role.'

Leiningen has held various roles at RBC, lately as co-investment strategist for the private client division in Toronto.

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