RBC Hires Ameriprise Divisional Exec in Boston
A former divisional executive at Ameriprise has jumped to regional rival RBC Wealth Management-U.S. to help boost recruiting in New England, the hiring firm announced on Friday.
Brian Katz, who had been a divisional vice president in charge of recruiting in Ameriprise’s Northeast and Mid-Atlantic regions, will be a complex manager for the six offices in RBC’s Boston market, according to the announcement.
Katz officially starts at his new role on November 1, according to an spokeswoman for Minneapolis-based RBC. He had been with Ameriprise in its employee-channel for just over two years, having joined in December 2013 from Morgan Stanley, where he was a regional director.
RBC’s former Boston complex manager, Paul J Leyden, decided to go back into production and is moving to Nashua, N.H., next week, according to the RBC spokeswoman.
Katz said he found out about the opening from Pat Vaughan, RBC’s East Divisional Director, whom he has known for several years.
Katz started his career at E.F. Hutton in 1985 and stayed through subsequent mergers with Lehman Brothers, Citigroup and ultimately Morgan Stanley where he worked as a managing director and then a regional director in the Boston area.
RBC Wealth Management has $284 billion in total client assets with approximately 1,800 financial advisors operating in 200 branches, according to the announcement.
A spokeswoman for Ameriprise, which has close to 10,000 advisors between its independent and employee channels, did not respond to a call for comment.