Also wins inaugural award for "Best Initiative of the Year in
Relationship Management Technology"
TORONTO, Nov. 5, 2015 /CNW/ - RBC has been recognized as the "Best
Private Bank in Canada" for the fourth consecutive year at the 2015
Global Private Banking Awards, presented by PWM (Professional Wealth Management) and The Banker magazines. RBC Wealth Management also won "Best Initiative of the Year
in Relationship Management Technology." This award was a new and highly
competitive category added this year. An awards gala celebrating the
winners took place in Singapore on November 4, 2015.
"We are honoured to receive these awards because they recognize the
unwavering commitment of our teams to helping our clients succeed,"
said Doug Guzman, group head, RBC Wealth Management & RBC Insurance.
"We're also particularly gratified to be recognized for our investment
in technology that helps our wealth advisors anticipate client needs
and provide advice to meet their goals, ultimately ensuring RBC clients
get the best possible experience."
The PWM/The Banker Global Private Banking Awards reward excellence in wealth management among banks from the Americas,
Europe, Asia, the Middle East and Africa, based on rigorous qualitative
and quantitative criteria. Evaluation measures include progress against
business model and growth strategies, client relationship management,
staff retention, and the evolution of asset allocation and product
strategy in line with investor needs.
"We are pleased with the distinction as Canada's 'Best Private Bank,'"
said Wayne Bossert, deputy chair, RBC Wealth Management. "This award is
a testament to what we can achieve when we bring together the best of
RBC to deliver unparalleled wealth planning, advice and solutions to
RBC Wealth Management continues to win recognition for its global
leadership in wealth management, with a number of other industry award
wins in 2015, including:
RBC Wealth Management was recognized as the world's fifth largest global
wealth manager in Scorpio Partnership's Global Private Banking
Benchmark, an annual survey of the global wealth industry.
RBC Wealth Management won five awards at the second annual Family Wealth
Report Awards. These awards included #1 ranking in: "Institutional
Trust or Fiduciary Company", "Private Bank - Wealth Structuring
Offering" and "PR Program", as well as top "Global Custodian" and
"Canadian Private Bank" for the second consecutive year.
RBC was recognized as "Best Private Banking Services Overall" in Canada
for eight straight years and in the Caribbean for six years running by
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$778 billion of assets under administration, more than C$503
billion of assets under management and approximately 4,050 financial
consultants, advisors, private bankers, and trust officers. For more
information, please visit www.rbcwealthmanagement.com.
*Scorpio Partnership Global Private Banking KPI Benchmark 2015. 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.
Royal Bank of Canada is Canada's largest bank, and one of 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, insurance, investor
services and capital markets products and services on a global basis.
We employ approximately 79,000 full- and part-time employees who serve
more than 16 million personal, business, public sector and
institutional clients through offices in Canada, the U.S. and 38 other
countries. For more information, please visit rbc.com.
RBC supports a broad range of community initiatives through donations,
sponsorships and employee volunteer activities. In 2014, we contributed
more than $111 million to causes worldwide, including donations and
community investments of more than $76 million and $35 million in
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