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RBC Wealth Management has brought in Marcus Schalkwijk - latterly of Merrill Lynch - as an investment advisor in St Michael, Barbados, serving high net worth and ultra high net worth clients, this publication can exclusively report.

Schalkwijk will work with individuals, families and private investment companies, with a focus on Dutch Caribbean and European clients. He will report to John D’Amato, investments sales manager for the Caribbean at RBC Wealth Management.

Before moving to Barbados, Schalkwijk spent five years as an investment advisor at Merrill Lynch in London, having previously worked for eight years at Citi Smith Barney, splitting his time between London and Amsterdam.

RBC Wealth Management’s international investment advisory and securities brokerage services in Barbados are provided by RBC Dominion Securities Global Limited, a member company of Royal Bank of Canada.

RBC Wealth Management has provided offshore banking and wealth management services to resident and international clients in Barbados for over 25 years, with a 65-strong team in St Michael currently.

In a similar move this February, RBC Wealth Management appointed Tim Houghton to the newly-created role as head of business development for the Caribbean and British Isles.

Based in Jersey, Houghton leads a consolidated business development function across the Channel Islands, UK and Caribbean. He distributes strategies across the firm’s key target markets, while serving the “key facilitator” between the business’ manufacturing solutions and distribution activities.