Reporting to London-based Paul Patterson - who was recently named deputy chairman of RBC Wealth Management for UHNW, international - Sokić will develop trust and fiduciary solutions for the firm’s international UHNW clientele, and find new ways to leverage the business’ trust and fiduciary capabilities.

According to a statement, the creation of this role is part of RBC Wealth Management’s wider strategy to increase its focus on UHNW clients.

“The ultra high net worth market remains a primary focus for us, allowing us to demonstrate the full scope of our integrated wealth proposition,” Patterson said, adding that he has worked with Sokić for many years and knows him to be an “outstanding planner with excellent client handling skills” and a deep knowledge of the firm’s global trust business.

Sokić began his finance career at Deloitte in Canada, where he spent 10 years advising on international trust, tax and estate planning matters. He joined RBC’s trust operation in the Bahamas in 2002, before assuming his most recent role of trust director, based in Jersey, in 2006.

RBC Wealth Management has over C$562 billion of assets under administration and more than C$324 billion in assets under management.