RBC recognized for offering Best Private Banking Services in Canada, the Caribbean, Cayman Islands and Jersey
TORONTO, Feb. 7, 2014 /CNW/ - RBC (RY on TSX and NYSE) has once again been recognized for excellence in Canada and globally in the 2014 Euromoney Private Banking and Wealth Management Survey, one of the leading benchmarks for the global wealth management industry, based primarily on rankings provided by industry peers. RBC earned awards for having the "Best Private Banking Services Overall" in Canada for an unprecedented seventh consecutive year, the Caribbean for the fifth year in a row, the Cayman Islands for the third year running and also in Jersey.
RBC also ranked in the top 10 for "Best Private Banking Services Overall" in North America with top 10 results across all categories, and in the top 15 for Bespoke Wealth Planning globally. Its trust capabilities earned a number-one ranking in Canada, the UK and Jersey.
"This recognition by our peers is a testament to the pride and care we take in enabling the success of our clients by providing them with trusted advice and a truly world-class experience," said George Lewis, group head, RBC Wealth Management & RBC Insurance. "As the sixth largest wealth manager in the world, we are able to bring a depth and breadth of global capabilities from across RBC for the benefit of our clients."
RBC's strength in Canada was further acknowledged through top rankings in a number of key categories, including Service for High Net Worth Clients at all asset levels (US$ 1 million+), Range of Investment Products, Bespoke Wealth Planning, Trust Services, Corporate Advisory for Private Banking clients and Privacy and Security.
"We are honoured to be recognized for our industry leadership year after year," said Mary Holenski, head, RBC Private Banking. "We could not have received this distinction without the hard work, integrity and leadership of our RBC employees and their commitment to provide integrated holistic advice, unparalleled service and sophisticated, comprehensive solutions to our high-net-worth families. This acknowledgement reflects our differentiated, relationship-based approach and commitment to collaborate across the RBC enterprise to bring our clients the best RBC has to offer."
RBC's accomplishments in the Euromoney survey add to its recent recognition as "Private Bank of the Year" in the global 2013 Spear's Wealth Management Awards; "Best Private Bank in Canada" in the 2013 Global Private Banking Awards; and "Outstanding Wealth Manager - Customer Relationship Service and Engagement" in the 2013 Private Banker International Global Wealth Awards.
About RBC Wealth Management
RBC Wealth Management is one of the world's top 10 largest wealth managers*. RBC Wealth Management directly serves affluent, high-net-worth and ultra-high net worth clients in Canada, the United States, Latin America, Europe, the Middle East, Africa, and Asia with a full suite of banking, investment, trust and other wealth management solutions. The business also provides asset management products and services directly and through RBC and third party distributors to institutional and individual clients, through its RBC Global Asset Management business (which includes BlueBay Asset Management). RBC Wealth Management has more than C$639 billion of assets under administration, more than C$387 billion of assets under management and over 4,400 financial consultants, advisors, private bankers, and trust officers. For more information, please visit www.rbcwealthmanagement.com.
Royal Bank of Canada (RY on TSX and NYSE) is Canada's largest bank as measured by assets and market capitalization, and are among the largest banks in the world, based on market capitalization. We are one of North America's leading diversified financial services companies, and provide personal and commercial banking, wealth management services, insurance, investor services and capital markets products on a global basis. We employ approximately 79,000 full- and part-time employees who serve more than 15 million personal, business, public sector and institutional clients through offices in Canada, the U.S. and 44 other countries. For more information, please visit rbc.com.
*Scorpio Partnership Global Private Banking KPI Benchmark 2013. In the United States, securities are offered through RBC Wealth Management, a division of RBC Capital Markets, LLC, a wholly owned subsidiary of Royal Bank of Canada. Member NYSE/FINRA/SIPC.