Business in brief

RBC Wealth Management award 

RBC Wealth Management, part of Royal Bank of Canada, has been awarded Best Private Bank in the Caribbean at the Professional Wealth Management and The Banker magazines’ Global Private Banking Awards 2014. RBC Wealth Management serves global high net worth and ultra high net worth clients from its Caribbean offices in Barbados, Bahamas and the Cayman Islands.  

David Foster, co-head of RBC Wealth Management, Caribbean, said, “It’s fantastic that the quality of our service offering has been acknowledged by such a prestigious set of awards. It is great for our team to be recognized in this way and underscores the bank’s position as one of the leading providers of wealth management services in the Caribbean region.”  

The award is based on qualitative and quantitative criteria. Evaluation measures include progress against business model and growth strategies, client relationship management, staff retention, and the evolution of asset allocation and product strategy in line with investor needs. 

In addition to taking the Caribbean award, RBC was also recognized as Best Private Bank in Canada for the third consecutive year. 

In February, the bank was recognized by Euromoney Magazine as providing the best private banking services in the Caribbean for the fifth year in a row.  

Mourant Ozannes’s new finance partner 

Mourant Ozannes has hired finance partner James Burch. He relocated to the Hong Kong office of one of the largest offshore law firms in 2011 in order to spearhead the opening of their Singapore office, where he has been based as partner for the past two-and-a-half years. 

Prior to his relocation, he had been in the firm’s Cayman Islands office as part of its market leading finance practice since in 2007. Mr. Burch has also held positions at Linklaters and Johnson Stokes & Master (now Mayer Brown JSM), working in London, Hong Kong and Sydney. 

Mourant Ozannes’s Cayman Islands managing partner, Peter Hayden, said, “This is an exciting, key hire for Mourant Ozannes and we are delighted to welcome James to the firm. He is a true structured finance specialist and the expertise, knowledge and experience he brings will significantly extend our offering to the North American market.” 

Maples and Calder staff changes  

Michael Gagie has been appointed managing partner of Maples and Calder’s Singapore office. 

Mr. Gagie joined Maples and Calder in 2010 and gained an in-depth understanding of the Asian market during eight years in Hong Kong, which included a period as managing partner of the Hong Kong office of another international law firm. 

He will relocate to Singapore when all necessary regulatory approvals are obtained. 

Jess Stock, who has been an associate in the Singapore office for almost two years, has been promoted to Of Counsel. He worked in the firm’s London office for eight years, and his areas of expertise include corporate, finance and investment funds. 

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