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 Leadership".
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 sponsorships.
For further information:
Tony Maraschiello, RBC Corporate Communications, 416-974-9334