(Source: Canada Newswire)TORONTO, Oct. 6 /CNW/ - The international arm of RBC Wealth Management, headquartered in London and part of the Royal Bank of Canada (RY on TSX and NYSE), Canada's largest bank and among the largest banks in the world, has announced the appointments of Matthew Yong and Frank Mu as President and CEO respectively of its Asia operations and the unification of its Asian operations under one umbrella "RBC Wealth Management, Asia."

Yong will be responsible for sales and distribution activities in Asia. Mu will continue to lead the advisory team, while also focusing on client solution support (including trust, discretionary investment management, investment advisory and credit) and functional support (including operations, information technology, human resources, finance, risk and compliance).

Yong is based in Singapore and Mu is based in Hong Kong. These locations form RBC Wealth Management's main hubs in the region. RBC Wealth Management also has a representative office in Beijing and a branch in Brunei.

Yong and Mu both report to Doug Gunton, Head of Asia and Canadian International Centres, RBC Wealth Management. Commenting on the new appointments within RBC Wealth Management's Asian operations, Gunton said: "Matthew and Frank are exceptional leaders and we have a strong team in place to serve the integrated wealth management needs of high net worth and ultra high net worth families in Asia. Asia is a high growth region and a key priority for RBC Wealth Management's international wealth management business."

Gunton continued: "We believe that our value proposition is unique. We offer clients the strength and stability Canada's largest bank coupled with a North American capability that is delivered from the key Asian financial centres of Singapore and Hong Kong. In addition, we are extremely well-placed to capitalize on the affinity between Canada and Asia, in terms of increasing flows of trade and immigration between the regions.