TORONTO, Feb. 6, 2015 /CNW/ - RBC (RY on TSX and NYSE) has once again been recognized for excellence in Canada in the 2015 Euromoney Private Banking and Wealth Management Survey, one of the leading benchmarks for the global wealth management industry, based primarily on rankings by industry peers. RBC was recognized as having the "Best Private Banking Services Overall" in Canada for an eighth consecutive year.
"To be recognized year after year in Canada by our peers is a testament to the collaborative approach we take in bringing the very best RBC has to offer to our high net worth clients," said David Agnew, CEO, RBC Wealth Management - Canada. "We are proud to receive these honours, which reflect our unwavering commitment to deliver a consistent, superior client experience that incorporates investment management, estates and trusts, insurance, wealth planning, business owner planning and private banking."
RBC's strength in Canada was also acknowledged through a number of additional top rankings in categories including Asset Management, Research and Asset Allocation Advice, Succession Planning and Trusts, Investment Banking Capabilities, Commercial Banking, and Net-Worth-Specific Services for clients with assets of US$ 1 million-5 million and US$ 30 million+.
"Earning the top ranking for private banking services in Canada for an unprecedented eighth year running is a tremendous achievement," said Wayne Bossert, executive vice-president of Sales, RBC Personal & Commercial Banking. "This great distinction, along with our leading scores across a wide breadth of client-service categories, is grounded in our client-centric and collaborative culture and the unparalleled breadth and depth of wealth-planning advice and solutions we bring to our high net worth families."
RBC's accomplishments in the Euromoney survey add to its recent recognition as "Best Private Bank in Canada" for the third consecutive year in the Global Private Banking Awards 2014, and top "Canadian Private Bank" in the inaugural 2014 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$717 billion of assets under administration, more than C$452 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.
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 services, 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 38 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, 416-974-9334