RBC Wealth Management has decided to close its Guernsey office.

This decision follows a review of its business and comes as the firm looks to centralise its activities where possible.

It is understood at this stage that clients will be served from a different RBC office.

This will include Jersey and other centres. RBC is one of the largest employers in Jersey, only employing less people than the States of Jersey.

RBC WM expects the full closure,...