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RBC Appoints President For RBC Phillips Hager & North Investment Counsel

Vijay Parmar most recently served as branch manager, vice president and director of RBC Dominion Securities

RBC has appointed Vijay Parmar as president of RBC Phillips Hager & North Investment Counsel (RBC PH&N IC), a Canada based private client firm. Reportedly, Mr. Parmar will begin his new role in mid-September, 2009. He joined RBC Dominion Securities in 1994 and most recently served as branch manager, vice president and director, RBC Dominion Securities, in Vancouver.

George Lewis, group head, RBC Wealth Management, said: “Mr. Parmar’s experience, skills and commitment to providing exceptional service to our clients made him a natural choice to lead our discretionary wealth management business during its next stage of growth. He will be working closely with RBC Global Asset Management, which is central to RBC PH&N IC’s business strategy and service offering for clients.”

Mr. Parmar, said: “RBC PH&N IC has tremendous strengths, with a model of high personal attention matched with the breadth of services, resources and stability of our global organization, including our asset management business.”