LONDON, November 29, 2011 - RBC Wealth Management, part of Royal Bank of Canada (RY on TSX and NYSE), today announced that it has been named as "Custodian of the Year - Channel Islands" at the ICFA European Awards 2011.
Run by International Custody & Fund Administration magazine, the annual ICFA European Awards aim to identify and commend custody, fund administration and technology providers that have excelled in the field, based on their approach to servicing clients' needs. The awards were presented at a ceremony held in London on November 22, 2011.
RBC Wealth Management's Jersey and Guernsey-based Corporate & Institutional business was chosen thanks to an award entry which focused on its commitment to an innovative approach to client service. Supporting client testimonials focused on the flexibility, responsiveness, and professionalism of the team in providing custody services in the Channel Islands.
Alan Brint, Head of RBC Wealth Management's Corporate & Institutional business, commented: "Innovation in the way we provide tailored solutions for clients is at the heart of our offering, and this recognition from a well-respected custody publication is testament to the great work that the team is doing day-in, day-out. What has been pivotal to our success is our ability to leverage both the financial strength and ability and network of expertise across RBC, enabling us to offer clients a market-leading offshore custody platform, and we look forward to building on this achievement."
RBC Wealth Management's Corporate & Institutional business provides offshore global securities and alternative investments custody and settlement, safekeeping, client service and reporting to HNW individuals, corporate and institutional investors, collective investment schemes and money managers.
About RBC Wealth Management
RBC Wealth Management is one of the world's top 10 largest wealth managers. RBC Wealth Management directly serves affluent, high-net-worth and ultra high net worth clients in Canada, the United States, Latin America, Europe, the Middle East, Africa and Asia with a full suite of banking, 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 business (which includes BlueBay Asset Management). RBC Wealth Management has more than C$525 billion of assets under administration, more than C$310 billion of assets under management and approximately 4,500 financial consultants, advisors, private bankers and trust officers.
Royal Bank of Canada (RY on TSX and NYSE) and its subsidiaries operate under the master brand name RBC. We are Canada's largest bank as measured by assets and market capitalization, and among 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, corporate and investment banking and transaction processing services on a global basis. We employ approximately 74,000 full- and part-time employees who serve close to 15 million personal, business, public sector and institutional clients through offices in Canada, the U.S. and 55 other countries. For more information, please visit rbc.com.
For more information, please contact:
Timi Oni, RBC Wealth Management, +44 (0)20 7653 4516