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
For further information:
Tony Maraschiello, 416-974-9334