RBC Wealth Management, part of Royal Bank of Canada (TSX/NYSE: RY), has appointed Hermann Leiningen as Managing Director, Family Office and Institutional Investments, effective from 1 May 2014.
Leiningen will be responsible for building RBC Wealth Management’s ultra high net worth (UHNW) investments business, targeting global family offices based in Europe. In his new role, Leiningen will also support the growth of the institutional business for RBC Global Asset Management in Europe. Currently working in Toronto, he will be based in London and report to Mark Fell, Head, Global Ultra High Net Worth Services, RBC Wealth Management.
With over 25 years’ experience, Leiningen has held various roles within Royal Bank of Canada, having worked for both the RBC Global Asset Management and RBC Capital Markets divisions, and has spent time in New York, Toronto, Lausanne and Geneva. Leiningen was Co – Investment Strategist for the Private Client Division in Toronto, Vice President of Institutional Sales in Lausanne, and also Head of the Investment Committee for RBC Suisse in Geneva.
The creation of this new role is in line with RBC Wealth Management’s strategy to increase its focus on international UHNW clients, providing them with integrated solutions that harness RBC’s global expertise.
Fell says: “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. He will prove to be an invaluable member of the team as we continue to build out our UHNW offering.”
