RBC Names Head of Asian Wealth Business Amid Industry Shake-Up

Royal Bank of Canada (RBC) has appointed Kamran Azim as the head of its Asian wealth business, according to reports. This move is part of a larger trend in the industry, where global wealth managers are vying for a greater share of Asia's growing private wealth.

Azim will take charge of RBC's operations in the region, as the bank seeks to expand its presence and client base. This appointment comes at a time when the Asian wealth market is experiencing significant growth, driven by increasing demand for investment products and services.

In related news, Franklin Templeton has hired Rene Buehlmann as its new Asia-Pacific (APAC) chief. Buehlmann will lead the asset manager's regional operations, overseeing its business in the region.