Toronto-based RoyalBank of Canada's division RBC Wealth Management appointed Tom Sagissoras president, effective April 1, Reuters reported March 31.

Sagissor currently manages RBC Wealth's north central regionand three New York-based business units operated jointly by RBC U.S. Wealth Managementand RBC Capital Markets. He will lead the day-to-day operations of the firm's privateclient group under his new role.