When many wealth managers are scaling back their hiring efforts, Royal Bank of Canada plans to build up its private banking efforts and hire extensively in Europe. The bank believes there is never a better time to hire than today.

The Royal Bank of Canada said in an advertisement posted on the FT Appointments page: "We are keen to attract accomplished bankers at all levels. Integral to our strategy for 2009 is our commitment to the growth of a significant UK focused high net worth and ultra high net worth business to sit alongside our existing international operations in London."