RBC Wealth Management has promoted Lauri Droster to the role of St. Paul Complex director in St. Paul, Minn., effective Aug. 1, according to a company release.
Droster, who will oversee eight branches, 88 advisors and 75 support staff, previously served as branch director of RBC Wealth Management’s Madison, Wis., branch, where she led the branch to a 37% increase in production, the release said.
In 2018, she was the recipient of the firm’s Gail Winslow Award, which recognizes women at RBC Wealth Management who demonstrate exemplary efforts to help attract, support, and retain female clients and financial advisors, the release said.
Droster began her career in the securities industry in 1986 in the operations area of a bank trust department. She joined RBC Wealth Management – U.S. in 1992 and assumed leadership of the team in 2001, the release said.
“I’ve been a successful advisor and a top producer in this industry and, as a woman, I bring a different perspective to the job. I know how to achieve organic growth, and I know the value of diverse teams. These will be top priorities for me and I’m thankful for this opportunity and the recognition from my firm,” she said in a statement.