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RBC appoints new director for UK private client wealth management business

RBC Wealth Management has appointed Luke Dugdale as the new director of its UK private client wealth management business, in a bid to build up ultra high net worth and family office relationships.

Prior to accepting the current job, Dugdale was acting as a senior director in charge of London ultra high net worth desk of Deutsche Bank Private Wealth Management business.

Working in collaboration with RBC UK private client wealth management team, he will oversee manage and develop relationships with the business’ ultra high net worth, family office and entrepreneur client base.

RBC UK wealth management head Mike Moodie said the appointment will enable the firm to build a stronger presence in the UK, utilizing Dugdale’s market insight and experience.

Having 26 years of experience in investment banking as well as private banking sector, Dugdale has also worked with other financial firm and held management positions.

He has worked with Citi Private Bank and UBS Wealth Management, and managed relationships with UK resident, domiciled and non-domiciled clients.