Royal Bank of Canada (RBC) today announced the appointment of Sian Hurrell and Robin Beer as Co-CEOs of RBC Europe Limited (RBCEL), effective immediately. The move underscores RBC's strategy to accelerate growth across its European operations and maximize opportunities from its combined business portfolio in the region.
New Leadership for European Operations
In their expanded roles, Hurrell and Beer will set the strategic direction across the region, working with the leadership team to deliver sustainable growth for RBC. They will also be responsible for the governance and regulatory oversight of RBC's capital markets and wealth management activities in Europe. Both will retain their current roles: Hurrell as Head of Capital Markets Europe, and Beer as Head of Global Sales & Relationship Management and CEO of RBC Wealth Management Europe.
RBC has established a strong European platform spanning its three business lines: Asset Management, Capital Markets, and Wealth Management. The bank has steadily grown its Capital Markets business across client sectors and geographies, focusing on areas where it has a clear right to win. Significant investment in Wealth Management, notably the integration of Brewin Dolphin, has positioned RBC as one of the top five U.K. providers.
Strategic Growth Ambitions
“With the integration of RBC Brewin Dolphin, the U.K. and Europe are an important part of our global growth ambitions and we’re focused on building our presence in the market,” said Neil McLaughlin, Group Head, RBC Wealth Management. “In a time of global change around trade and in a fragmented market, RBC is focused on providing trusted insight and advice to more clients across the region.”
“After many years of building and investment, we are ready to accelerate our growth ambitions in Europe,” said Derek Neldner, Group Head, RBC Capital Markets. “We have three strong European businesses, a trusted reputation, enviable financial strength and top talent. By working cohesively across the region, we will use our combined scale to empower growth, serve more clients and win market share.”
About RBC
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. The bank employs over 101,000 people and serves more than 19 million clients in Canada, the U.S., and 27 other countries. RBC is Canada's biggest bank and one of the largest in the world based on market capitalization.
