Outstanding Private Bank North America
Outstanding Wealth Planning & Trust Provider
Lifetime Achievement Award for Deputy Chairman Michael Lagopoulos
TORONTO, Oct. 24, 2012 /CNW/ - RBC Wealth Management, part of Royal Bank
of Canada (RY on TSX and NYSE), is pleased to have earned three major
awards - more than any other wealth manager - in the 2012 Private Banker International Global Wealth Awards. RBC Wealth Management was recognized as
"Outstanding Private Bank North America", "Outstanding Wealth Planning
& Trust Provider" and received a "Lifetime Achievement" award
recognizing the contributions of Deputy Chairman Michael Lagopoulos.
The global business was also a finalist for "Outstanding Private Bank -
Latin America." The awards were presented today at a gala dinner in
"We are extremely proud to see RBC Wealth Management recognized for its
strength, global expertise and commitment to delivering integrated
advice and solutions to meet the needs of our global high net worth and
ultra high net worth clients," said George Lewis, group head, RBC
Wealth Management. "This combination of awards is reflective of our
leading position in North America, our unparalleled global planning and
trust capabilities and the quality and commitment of our people."
Nicholas Moody, Editor, Private Banker International, noted RBC Wealth Management's resilience in the face of a challenging
economic environment, saying: "Amidst the global financial turmoil of
the past five years, RBC Wealth Management's strength and stability
have proven to be winning qualities among clients and provide it with a
solid base to continue expanding its operations internationally."
Commenting on his lifetime achievement award, Lagopoulos said, "I feel
fortunate to have had a long and varied career with RBC and am honoured
to receive this generous acknowledgement by my peers in the industry."
Lagopoulos recently announced his retirement as Deputy Chairman, RBC
Wealth Management after a 26-year career at RBC.
The Private Banker International Global Wealth Awards are regarded as one of the most prestigious in the
industry, voted by the industry for the industry. They aim to recognize
best-in-class institutions and provide objective benchmarks for the
global private banking and wealth management business. The results are
based on selections by Private Banker International's advisory board of
independent wealth management specialists.
RBC Wealth Management was recognized in July 2012 as the world's sixth
largest Global Wealth Manager by Scorpio Partnership's Global Private
Banking Benchmark 2012, an annual survey of the global wealth industry.
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$562
billion of assets under administration, more than C$324 billion of assets under management and approximately 4,300 financial
consultants, advisors, private bankers and trust officers.
Royal Bank of Canada (RY on TSX and NYSE) and its subsidiaries operate
under the master brand name RBC. We are 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,
corporate and investment banking and investor services on a global
basis. We employ approximately 80,000 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 51 other
countries. For more information, please visit rbc.com.
For further information:
Claire Holland, RBC Wealth Management, 416-974-2239, firstname.lastname@example.org
Paul French, RBC Wealth Management, +44 (0) 20 7002 2013, email@example.com