RBC hires Deutsche Bank PWM high net worth boss Dugdale

RBC Wealth Management has hired Luke Dugdale from Deutsche Bank Private Wealth Management.

Dugdale, who was a senior director in charge of Deutsche's London ultra high net worth desk, joins RBC as director.

He will take up his post within RBC's London-based UK private client wealth management team, where he will manage and develop relationships with the business’ ultra high net worth, family office and entrepreneur client base.

Commenting on the hire, RBC UK head of wealth management Mike Moodie said: 'We’ve made clear our ambitions to build a stronger presence in the UK, which would be an impossible feat without a team of driven professionals that share our vision. Luke is an industry veteran who brings with him a level of market insight and experience that will no doubt prove invaluable.'

Prior to Deutsche Dugdale had spells at Citi Private Bank and UBS Wealth Management.