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RBC Carves Out Executive Wealth Management Role In US
Eliane Chavagnon
1 April 2016
Tom Sagissor has today become president of RBC Wealth Management – a new role at the firm. As previously reported by Family Wealth Report, Taft is retiring on May 31. RBC confirmed that a search for Taft’s successor is already underway. Following a career in professional hockey, Sagissor joined Dain Bosworth in 1993.
Sagissor will lead the day-to-day operations of the private client group, which includes nearly 1,900 advisors in 41 states. He will take on additional responsibilities as well, RBC said, reporting to the wealth management company’s current chief executive, John Taft.
His replacement will report to Russell Goldsmith, chairman and CEO of City National Bank, which RBC bought in November last year Goldsmith has since been leading both City National and RBC Wealth Management .
Sagissor also manages RBC Wealth Management’s north-central region, with 500 financial advisors in 15 states. He also manages three New York-based business units that are operated jointly by RBC US Wealth Management and RBC Capital Markets: IMM , EMM and CES . He will retain his current responsibilities for now, RBC said.