InvestmentsDec 15 2022

RBC appoints Brewin Dolphin boss as wealth CEO

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RBC appoints Brewin Dolphin boss as wealth CEO
Brewin Dolphin boss Robin Beer will head up RBC's British Isles wealth management division
ByRuby Hinchliffe

Royal Bank of Canada has appointed Brewin Dolphin boss Robin Beer as chief executive officer of its British Isles wealth management division.

Earlier this year, RBC acquired Brewin for £1.6bn (C$2.6bn), which saw 2,100 employees transfer over to RBC.

Brewin has now rebranded, with its name changing to ‘RBC Brewin Dolphin’.

With the deal now complete, the next phase will be to integrate RBC Brewin Dolphin with Wealth Management International, RBC’s British Isles wealth management business. 

As part of the integration, Beer will transition over the first half of 2023 to take on leadership of both businesses and, ultimately, the combined business.

Beer has been Brewin’s CEO since 2020, having joined the wealth manager nearly 15 years ago. Prior to joining Brewin in 2008, Beer held roles at National Australia Bank and Barclays Wealth.

Alongside Beer, Dave Thomas will now head up RBC Europe from the beginning of next year. 

Thomas will report into Doug Guzman, group head of RBC Wealth Management, Insurance and I&TS, as well as Derek Neldner, group head of RBC Capital Markets.

Thomas joined RBC back in 1992, becoming chief executive of RBC Capital Markets Europe in 2011.

In 2019, he took on additional responsibility for the wealth management division in the British Isles, which Beer will now head up.

RBC has previously said it believes the combined wealth management business in the UK, Ireland and Channel Islands can generate a pre-tax profit of £304mn (C$500mn).