On November 1, Doug Guzman will become head of RBC Wealth Management and Insurance. He succeeds George Lewis, who will stay on as a senior portfolio manager at RBC Global Asset Management.
Guzman is currently managing director and head of global investment banking at RBC Capital Markets. In this new role he will be responsible for the strategy and performance of wealth management in Canada and internationally, including both RBC Global Asset Management and RBC Insurance. He will report to RBC president and CEO Dave McKay, and will become a member of RBC's Group Executive, which is responsible for determining the bank’s overall strategic direction. Mr. Guzman will also become Deputy Chair, RBC Capital Markets, where he will continue to act as the lead relationship manager with a number of key clients.
“Doug has a track record of consistently delivering strong business results including growing RBC's Investment Banking business to a top ten global franchise while maintaining our leadership position in Canada,” said Dave McKay when Guzman was appointed on July 7. “During his 14 years with RBC, Doug has established deep client relationships, assisting them to achieve their objectives in a number of landmark transactions.”
Guzman holds an Honours BA in Business Administration from the University of Western Ontario and an MBA from the Harvard Business School. Prior to joining RBC he was with Goldman Sachs and worked in New York and Toronto.