RBC Wealth Management President Tom Sagissor to Step Down

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RBC Wealth Management has confirmed that Tom Sagissor, who has served arsenic president of the steadfast since 2016, volition measurement down from his relation connected Jan. 1 successful a institution reorganization. 

Sagissor volition modulation to a vice seat role, portion his presumption volition beryllium replaced by East Divisional Director Pat Vaughan and Central Divisional Director Wally Chapman, who volition co-lead the backstage lawsuit group. 

“As Vice Chair, Tom volition stay a champion of the fiscal advisor/client relationship, and he’ll proceed to usage his innate endowment to animate others by connecting with recruits, advocating for advisors and mentoring rising stars,” said Michael Armstrong, CEO of RBC Wealth Management U.S. “With his heavy commitment, helium has shaped our shared imaginativeness and the civilization that sets america isolated from our peers. This modulation is simply a earthy improvement of our enactment operation and positions america good for the future. Wally and Pat some person decades of acquisition motivating advisors and teams and driving beardown concern results.”

Sagissor joined Dain Bosworth, a predecessor institution of RBC Wealth Management, successful 1994 arsenic a fiscal advisor. Prior to that, helium was a nonrecreational hockey player, spending 2 years with the Montreal Canadiens and 2 seasons with a Slovenian team, the Ljubljana Dragons. 

“It wasn’t an casual decision, but arsenic my idiosyncratic ambitions and priorities change, this is the close determination for me,” Sagissor said successful a statement. 

In the caller roles, Vaughan and Chapman volition pb the day-to-day operations of the firm’s backstage lawsuit group, comprised of much than 2,100 advisors successful 42 states. 

Chapman began his vocation arsenic an advisor astatine Merrill Lynch successful 1988. He joined RBC successful the precocious 1990s arsenic an advisor. 

Vaughn began his vocation arsenic an advisor astatine Kidder Peabody, an aged brokerage steadfast that yet became portion of Paine Webber, successful 1984. He went connected to clasp assorted roles astatine Ferris, Baker Watts, including arsenic manager of the backstage lawsuit radical erstwhile that steadfast was acquired by RBC successful 2008.