New Regional Director for Royal Bank of Canada

In this new role, Black will be responsible for overseeing operations at the bank's Dubai-based offices, which serve both private individuals and institutions across the GCC with a range of international wealth management and administration solutions. These include international trust and estate planning solutions, banking, discretionary portfolio management and investment advisory services.

Commenting on his new role, Black said, "RBC has maintained a presence in the UAE for over 30 years and our future here looks nothing but rosy. The unparalleled regional expertise and experience of our bankers has helped us sustain excellent relationships with our client base, which ranges from the individual to the corporate entity."

"In my capacity as regional director, I am looking forward to help enhance and reinforce our offering in the region and continue to help Arab nationals and the high net worth expatriate professional community manage their assets in the most efficient way possible," he added.

He also addressed the importance that RBC places on educating the local community on the intricacies of asset management.

"The laws that apply abroad to personal or business assets may differ from the laws that exist here in the region. We help make sense of this confusing and complex situation by working closely with regional clients to ensure that their assets are managed appropriately and go to their intended beneficiaries in a timely, orderly, and tax-efficient way," said Black.

RBC is also represented in Dubai by RBC Global Services, headed by Andrew Polley. The business specializes in providing global custody solutions, securities lending and investment analytics for institutional investment portfolios.