Industry peers recognize RBC as the best Canadian private bank for 10th consecutive year
TORONTO, Feb. 6, 2017 /CNW/ - For an outstanding 10th consecutive year, Royal Bank of Canada (RY on TSX and NYSE) captured top honours for private banking services in Canada in the 2017 Euromoney Private Banking and Wealth Management Survey. In addition to this achievement, RBC received 14 first-place awards at the annual event.
"Receiving this recognition from our peers over the last 10 years is an honour," said Ann Bowman, Head, RBC Private Banking Canada. "While our business and the services we offer have evolved over the last decade, what remains constant is our employees' dedication to helping our clients thrive and achieve their financial goals."
RBC also won two awards recognizing its commitment to innovation, including "Innovative Technology-Client Experience" and "Innovative Technology-Back Office Systems", both for a second consecutive year.
"These award wins demonstrate RBC's ability to meet the evolving needs of our high net worth clients," said David Agnew, CEO, RBC Wealth Management Canada. "In collaboration with our partners from across RBC, our team of advisors, investment counsellors, estate and trust professionals, wealth planning specialists and global support teams deliver sophisticated and comprehensive wealth management services with an exceptional client focus."
RBC Wealth Management Canada also received several other awards, including "Net-Worth-Specific Services" for two asset categories, between US$5 million to US$30 million and US$1 million to US$5 million, as well as "SRI/Social Impact Investing", "Investment Banking Capabilities", "Commercial Banking Capabilities", and "Research and Asset Allocation Advice".
First published in 2004, the Euromoney Private Banking and Wealth Management Survey is regarded as one of the leading benchmarks for the global wealth management industry. Survey results are based primarily on a peer ranking methodology.
RBC's accomplishments in the Euromoney survey add to its recent recognition as "Best Private Bank in Canada" for the fifth consecutive year in the Global Private Banking Awards 2016 and best "Canadian Private Bank"" for a third consecutive year at the 2016 Family Wealth Report Awards.
About RBC Wealth Management
RBC Wealth Management is one of the world's top five largest wealth managers*. RBC Wealth Management directly serves affluent, high net worth and ultra high net worth clients globally with a full suite of banking, investment, trust and other wealth management solutions, from our key operational hubs in Canada, the United States, the British Isles, and Asia. 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$875 billion of assets under administration, C$580 billion of assets under management and 4,780 financial consultants, advisors, private bankers, and trust officers. For more information, please visit www.rbcwealthmanagement.com.
*Scorpio Partnership Global Private Banking KPI Benchmark 2016. 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.
SOURCE RBC Wealth Management
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