MOVES-RBC Wealth Management appoints Michael Armstrong as CEO

Mon May 2, 2016 12:48pm EDT
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May 2 (Reuters) - RBC Wealth Management, a unit of RBC Capital Markets LLC, appointed Michael Armstrong chief executive, to replace John Taft, who retires on May 31.

Armstrong joins from Jefferies & Co, where he was the global head of wealth management.

Prior to joining Jefferies, Armstrong also worked at Morgan Stanley.

Armstrong will be based in Minneapolis. (Reporting by Kshitiz Goliya in Bengaluru)