The international arm of RBC Wealth Management has appointed Wasim Afzal as a manager in structured notes and fixed income, advisory.
Afzal will be responsible for developing RBC Wealth Management's structured notes offering for its high net worth and ultra HNW clients.
Afzal has more than 12 years' experience in the industry. He previously worked for RBC Capital Markets, the corporate and investment banking arm of RBC, and before that was at Lehman Brothers and Deutsche Bank. His specialisms include structured credit products, structured rates and fund derivatives.
Phil Cutts, head of advisory, RBC Wealth Management, British Isles, and head of the joint venture between RBC Capital Markets and RBC Wealth Management, says: 'In this low interest rate environment, we are finding that one of the main preoccupations of HNW clients is how to generate yield, and we are talking to our clients about investing in structured products to realise this goal. Wasim's role is to find our clients the best structures, solutions and pricing from a wide range of providers. This highlights RBC Wealth Management's open architecture model, which enables us to deliver our clients competitive and innovative solutions.'