Awarded "Best Private Banking Services Overall" in Canada in Euromoney survey for ninth year in a row
TORONTO, Feb. 10, 2016 /CNW/ - Royal Bank of Canada (RY on TSX and NYSE) won 17 first-place awards in the Euromoney Private Banking and Wealth Management Survey 2016, taking home "Best Private Banking Services Overall" in Canada for the ninth consecutive year. RBC also took top spot in Canada for "Innovative Technology – Client Experience" and "Innovative Technology – Back Office Systems."
"It's an honour to be recognized in a survey of our peers for the full breadth of expertise and advice that we bring to help high-net-worth clients and their families achieve their long-term goals," said Doug Guzman, Group Head, RBC Wealth Management and RBC Insurance. "We have invested in new technology that puts the success of the client as the starting point, and continually raises the bar on what we can deliver to our relationship managers and the clients they serve."
In Canada, RBC also ranked first in a number of key categories including Net-Worth-Specific Services for Clients with Assets of US$1 Million - US$5 Million and US$30 Million+, Asset Management, Investment Banking Capabilities, Commercial Banking Capabilities, Research and Asset Allocation Advice, and SRI/Social Impact Investing. RBC Wealth Management – International also won five first-place awards, recognizing its expertise serving the high-net-worth and ultra-high-net-worth market.
"Receiving recognition as the best Canadian private bank for a ninth consecutive year is a tremendous accomplishment," said Jennifer Tory, Group Head, RBC Personal and Commercial Banking. "It recognizes the many people who bring together the best of RBC to meet the complex and evolving needs of clients."
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 fourth consecutive year in the Global Private Banking Awards 2015 and best "Canadian Private Bank"" for a second consecutive year at the 2015 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$749 billion of assets under administration, more than C$492 billion of assets under management and approximately 3,954 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 have over 80,000 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 37 other countries. For more information, please visit rbc.com.
RBC helps communities prosper, supporting a broad range of community initiatives through donations, sponsorships and employee volunteer activities. In 2015, we contributed more than $100 million to causes around the world.
SOURCE Royal Bank of Canada
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