RBC Wealth Management named "Outstanding Private Bank - North America" by
Private Banker International

TORONTO , Oct. 9 /CNW/ - RBC Wealth Management was announced as the 2009 Award winner for "Outstanding Private Bank - North America " from Private Banker International at its Wealth Management Summit in Singapore .

"This award recognizes the strength, stability and leadership of RBC in our domestic market and our longstanding commitment in over 20 countries around the world to helping high net worth clients grow, preserve, protect and ultimately transfer wealth to succeeding generations," said George Lewis , group head, RBC Wealth Management. "The award is a testament to the success of our diversified business model and ability to provide our global client base with an integrated wealth management offering. Most importantly, the award recognizes the high levels of dedication and expertise of our employees."

The Wealth Management Awards are based on nominations from the worldwide readership of Private Banker International (PBI), with winning institutions chosen by PBI's Advisory Board of independent industry experts.

"RBC is one of the select few banks that have been enjoying a flight to quality by clients, reflected in a steadily growing international private banking franchise," said William Cain , editor, Private Banker International. "RBC has ambitious plans for international wealth management growth."

In addition, RBC's Matthew Yong , President, RBC Wealth Management, Asia, was recognized as one of the world's Outstanding Young Private Bankers. The award is presented to individuals who represent the future of the industry and have demonstrated excellence in their field, through either leadership, innovation in products and services, excellence in strategy or a combination of the three.

"We are extremely proud to have Matthew's leadership as part of RBC Wealth Management's team in Asia," said Michael Lagopoulos, head of the international arm of RBC Wealth Management. "We are well-positioned to capitalize on the tremendous growth in this region and its strong ties to Canada ."

The Private Banker International Wealth Management Summit 2009 is organized by the global wealth journal Private Banker International. Private Banker International, based in London , U.K., is the oldest and most established international wealth management publication.

About RBC Wealth Management

RBC Wealth Management directly serves affluent and high-net-worth clients in Canada , the United States , Latin America, Europe and Asia with a full suite of 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 division. RBC Wealth Management has more than $490 billion of assets under administration, nearly $240 billion of assets under management and more than 4,500 financial consultants, advisors, private bankers and trust officers. RBC Wealth Management was recognized as the Outstanding Private Bank in North America by Private Banker International in October 2009 .

For further information: Tanis Robinson, RBC Corporate Communications, [phone]; Stephanie Lu, RBC Media Relations, [phone]