RBC's global strength recognized with awards for top "Canadian Private
Bank", "Institutional Trust or Fiduciary Company", "Private Bank -
Wealth Structuring Offering", "PR Program" and "Global Custodian"
TORONTO, March 16, 2015 /CNW/ - RBC won five awards and was shortlisted
for three others in the second annual Family Wealth Report Awards
announced in New York on March 12. RBC was presented with awards for
best "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.
Commenting on the wins, George Lewis, group head, RBC Wealth Management
& RBC Insurance said: "Our comprehensive wealth management offering
continues to deliver a superior experience to our clients in Canada and
globally and we are pleased to see our approach and capabilities
generating praise by our clients and the industry alike."
RBC's win for top "Canadian Private Bank" for the second year running is
the latest in a string of global awards recognizing its
industry-leading offering to high net worth and ultra-high net worth
clients in Canada. RBC won "Best Private Banking Services Overall" in
Canada in the recent Euromoney awards for an eighth consecutive year
and "Best Private Bank in Canada" for the third consecutive year in the
Global Private Banking Awards 2014.
"To receive this tremendous honour once again is a testament to our
commitment to exceeding the expectations of our high net worth families
by providing personalized solutions, trusted advice and professional
expertise from across RBC to help them achieve their wealth planning
goals," said Jennifer Tory, group head, RBC Personal & Commercial Banking.
Also for the second year running, RBC Investor & Treasury Services was
recognized as top "Global Custodian", adding to its strong track-record
in industry awards and client surveys. Most recently, RBC Investor &
Treasury Services was named best "Sub-custodian in Canada" in the 2015
Global Investor/ISF sub-custody survey and awarded a number of top
rankings in the 2015 Global Investor/ISF Beneficial Owners Survey.
"We are honoured to receive this award from the wealth management
community in recognition of the strength of our custody products,
capabilities and commitment to excellence in service to our clients,"
said Harry Samuel, CEO, RBC Investor & Treasury Services.
RBC Wealth Management's expertise in providing tailored advice and
solutions to high net worth individuals contributed to its top honours
in the categories of "Institutional Trust or Fiduciary Company" and
"Private Bank - Wealth Structuring Offering", while its launch, in
partnership with Capgemini, of the 2014 World Wealth Report, the
benchmark thought leadership report in the global wealth industry,
captured the win for "Best PR Program."
In addition to its award wins, RBC Wealth Management was shortlisted in
the categories of "Women in Wealth Management", "Private Client
Investment Platform" and "Outstanding Contribution to Thought
The Family Wealth Report Awards celebrate best-in-class providers of
private banking and wealth management services, with winners selected
by a panel of judges based on their demonstrated innovation and
excellence during 2014.
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$767 billion of assets under administration, more than C$480
billion of assets under management and approximately 4,400 financial
consultants, advisors, private bankers, and trust officers. For more
information, please visit www.rbcwealthmanagement.com.
*Scorpio Partnership Global Private Banking KPI Benchmark 2014. 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.
About RBC Investor & Treasury Services
RBC Investor & Treasury Services (RBC I&TS) is a specialist provider of
asset services, custody, payments and treasury services for financial
and other institutional investors worldwide. We serve clients from 18
locations across North America, Europe, Asia and Australia, delivering
custodial, advisory, financing and other services to safeguard clients'
assets, maximize liquidity and manage risk in multiple jurisdictions.
RBC I&TS ranks among the world's top 10 global asset servicing
businesses, with CAD 3.7 trillion (USD 3 trillion) in client assets
under administration (as at January 31, 2015).
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 78,000 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 39 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
For further information:
Tony Maraschiello, RBC Corporate Communications, 416-974-9334