RBC Wealth Management President Tom Sagissor to Step Down

Core Insights - RBC Wealth Management's president Tom Sagissor will step down on January 1, transitioning to a vice chair role as part of a company reorganization [1][2] - Pat Vaughan and Wally Chapman will co-lead the private client group, taking over Sagissor's responsibilities [1][3] Leadership Transition - Tom Sagissor has been with the firm since 1994 and has played a significant role in shaping the company's vision and culture [2] - The transition is described as a natural evolution of the leadership structure, positioning the company well for future growth [2] - Vaughan and Chapman will manage the day-to-day operations of the private client group, which consists of over 2,100 advisors across 42 states [3] Background of New Leaders - Wally Chapman began his career as an advisor at Merrill Lynch in 1988 and joined RBC in the late 1990s [3] - Pat Vaughan started as an advisor at Kidder Peabody in 1984 and held various roles at Ferris, Baker Watts, including director of the private client group before RBC's acquisition in 2008 [4]