RBC named best in class for private banking
TORONTO, March 11, 2016 /CNW/ - RBC won two awards at the third annual Family Wealth Report Awards in New York City. In addition to being named the best "Canadian Private Bank" for the third consecutive year, RBC was also awarded top honours for "Best Public Relations Campaign."
"It's a great honour to have RBC Wealth Management recognized in these categories by the industry," said Doug Guzman, group head, RBC Wealth Management and RBC Insurance. "We're a top choice for wealthy families because of the deep expertise, broad resources and comprehensive wealth management approach we offer to truly help our clients realize their financial goals."
For a third consecutive year, RBC was named best "Canadian Private Bank." This award marks another successful year for RBC Private Banking as it received similar accolades at the 2016 Euromoney Private Banking and Wealth Management Survey for a ninth consecutive year, as well as at the 2015 Global Private Banking Awards for a fourth consecutive year.
"We are extremely grateful for the recognition among our peers as the top Canadian Private Bank for a third consecutive year," said Jennifer Tory, group head, RBC Personal and Commercial Banking. "Our Private Banking group is a gateway to the resources of RBC to create both a comprehensive and an individually tailored private banking experience for our clients, bringing the best of RBC to each and every high net worth client."
The Family Wealth Report Awards also recognized RBC for "Best Public Relations Campaign" for the promotion of A Force for Good: How Enlightened Finance Can Restore Faith in Capitalism, a book written by RBC Wealth Management - U.S. CEO, John Taft.
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 2015.
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$777 billion of assets under administration, more than C$561 billion of assets under management and approximately 4,648 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, community investments, sponsorships and employee volunteer activities. In 2015, we contributed more than $100 million to causes around the world.
For further information:
Suzanne Willers, RBC Corporate Communications, 416-974-2727