RBC Hires JPMorgan’s Jackson for Client Coverage in London

Office Buildings Stand in the City of London

Office Buildings Stand in the City of London

Matthew Lloyd/Bloomberg

Royal Bank of Canada, the country’s largest lender by assets, hired Francis Jackson from JPMorgan Chase & Co. to oversee client coverage for asset managers, pensions and sovereign wealth.

Jackson is based in London and will help develop client relationships for Royal Bank’s investor and treasury services unit, the Toronto-based lender said Monday in an e-mailed statement. He started May 7 and assumes the role previously held by Antony Johnson, who became head of distribution for the bank’s international wealth-management business in March.

“Francis is a senior industry figure,” Harry Samuel, chief executive officer of RBC Investor & Treasury Services, said in the statement. “We will benefit greatly from Francis’s considerable knowledge of custody and asset servicing.”

Jackson spent nine years at New York-based JPMorgan, most recently as head of investor services sales and relationship management, Royal Bank said. He previously worked at SEI Investments Co., Citigroup Inc. and Bankers Trust Co.

Royal Bank’s investor and treasury services unit has customers in North America, Europe, Asia and Australia and had C$3.7 trillion ($3.1 trillion) in assets under administration at the end of January.

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