April 30 RBC Wealth Management, a division of
the Royal Bank of Canada , has hired a veteran
branch manager from Morgan Stanley Wealth Management in Texas as
the firm looks to expand in the region.
Glen Hatch joined RBC's Austin office as a branch director
from Morgan Stanley Wealth Management, where he had been for
more than a decade, first with Citigroup's Smith Barney.
Morgan Stanley Wealth Management, the largest U.S.
brokerage, was formed out of the merger of Morgan Stanley's
wealth unit and Citi's Smith Barney in 2009.
Hatch spent eight years as a branch manager in Austin and
previously had been based in Chicago. Prior to joining the
financial services industry in 1998, he spent more than two
decades in the United States Navy. Hatch joined RBC on April 22
and reports to Dallas complex director Andy Teller.
Morgan Stanley confirmed the departure, but declined to
Toronto-based RBC has 12 offices in Texas, including its
Austin branch. It is Canada's largest retail bank and the one
most focused on wealth management. RBC, which has set its sights
on global wealth management as a key driver of growth, has about
2,000 advisers managing more than $235 billion in client assets
in the United States.