TORONTO, Jan. 18, 2018 /CNW/ - Royal Bank of Canada (RY on TSX and NYSE) (RBC) has been named 'Best Trade Finance Provider in Canada' for the sixth consecutive year by Global Finance magazine. The award demonstrates the cross-platform collaboration of the Trade Finance team and its continued commitment to providing clients with the technology, services and skills to support their international trade finance requirements.
The award winners were selected by the Global Finance editorial review board based on input from industry analysts, corporate executives and technology experts. Criteria for selecting winners included: transaction volume, scope of global coverage, customer service, competitive pricing, and innovative technologies.
RBC's Trade Finance team draws on the global expertise of professionals across RBC who possess a rich understanding of global and domestic markets and collaborate to serve each client, facilitating their global growth objectives while managing risk.
"At RBC, we recognize that global trade is a key priority not only for our clients, but also for Canada's future economic prosperity," said Greg Grice, Executive Vice-President, Business Financial Services, Personal & Commercial Banking. "Our clients are looking for new ways to grow, and global trade is one of the fastest and most effective ways for them to achieve that growth. As one of the world's largest financial institutions, we have the expertise, network and relationships to help clients navigate the global markets with confidence. We're honoured to receive this prestigious award for the sixth year in a row. It's a testament to our ongoing efforts to provide our clients with the important advice and solutions they need to access the global market."
"We greatly appreciate the trust and confidence placed in us by our clients to help them achieve their objectives. RBC's technical expertise, robust infrastructure, coupled with our client-centric approach and foreign market knowledge make us the bank of choice for the Canadian dollar needs of our global bank partners," said James Rausch, Global Head of Transaction Banking - Banks, Brokers & Exchanges, RBC Investor & Treasury Services. "We are committed to working seamlessly across RBC's businesses to build and deliver tailored solutions and applications that effectively serve our clients' needs."
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 16 countries across North America, Europe, Asia and Australia, delivering services to safeguard client assets and maximize liquidity. As a strong, stable partner, focused on meeting our clients' evolving needs, RBC I&TS has an unwavering commitment to managing operational risk in our business and the highest credit ratings among our peers. Rated by our clients as the #1 global custodian for seven consecutive years, RBC I&TS is trusted with CAD 4.3 trillion in client assets under administration as at October 31, 2017.
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 80,000 employees who bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank, and one of the largest in the world based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our 16 million clients in Canada, the U.S. and 35 other countries. For more information, please visit rbc.com.
We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at rbc.com/community-sustainability/.
SOURCE RBC Investor & Treasury Services