March 10, 2008 —RBC Canadian Private Banking has taken top spot among domestic Canadian banks for best overall private banking services, according to the Euromoney 2008 Private Banking Survey. When grouped with all private banks with operations in Canada, RBC captured second position for the second year in a row.
Canadian Private Banking was also named the number one provider of High Net Worth Services, moving into first place from last year's third position. Furthermore, RBC secured the highest ranking in both the Corporate Executive and Entrepreneur services categories, up from second place positions in 2007.
"We're delighted with the survey results and with the progress we've made over the past few years with our high net worth strategy," said Russ Cook, Head Canadian Private Banking. "These scores reflect the professionalism and commitment to outstanding client service demonstrated by both our Private Banking teams and our network of specialized partners from across RBC. We're very confident this strong momentum will continue as we remain focused on understanding our clients' needs and dedicated to providing integrated and tailored solutions."
The annual survey is one of the most respected in the industry. The survey is known as the 'peers' poll', as more than 1,000 wealth management professionals nominate the companies that they believe are the top providers.
RBC Wealth Management was also awarded top honours in the Euromoney survey, receiving the #1 ranking for best trust services in the U.K. for the third year in a row, as well as taking top position for best offshore services in the U.K. for the first time