RBC Wealth Management, part of Royal Bank of Canada, has appointed David Foster to the position of Head of Fiduciary Services, RBC Wealth Management - International.
David will be responsible for leading RBC Wealth Management - International’s Channel Islands-based fiduciary business, which helps meet the estate planning needs of high-net-worth clients worldwide.
Currently Co-Head of RBC Wealth Management’s Caribbean business, based in Cayman, David has been responsible for RBC Wealth Management’s trust, investments and private client services in the region since 2013. In his new role, which is subject to regulatory approval, he will be based in Jersey, where he will continue to report to Stuart Rutledge, CEO, RBC Wealth Management - International.
David entered the financial services industry in 1979, working in commercial banking for over a decade, before moving into private banking with Coutts. He was appointed Vice President of the firm’s SEC-registered investment management business in 2001, and later Senior Vice President of the company’s international entertainment division in London, before moving to Cayman as Head of Private Banking of Coutts’ Caribbean business in 2007. He joined RBC Wealth Management as a Managing Director in 2012, before becoming Co-Head of the Caribbean business in 2013.