RBC Boosts Structured Products Biz With New Hire

Jul 24 2009 | 11:49am ET

RBC Wealth Management has appointed Wasim Afzal as a manager in structured notes and fixed-income advisory, responsible for developing RBC's structured notes offering for individual investors.

Afzal previously worked for RBC Capital Markets, the corporate and investment banking arm of RBC, as well as Lehman Brothers and Deutsche Bank, specializing in structured credit products, structured rates and fund derivatives.

“In this low interest rate environment, we are finding that one of the main preoccupations of high net worth clients is how to generate yield, and we are talking to our clients about investing in structured products to realize this goal,” said Phil Cutts, head of advisory at RBC Wealth Management.

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