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About RBC > Corporate Profile > Awards and Recognition > RBC named 'Best Private Bank in Canada' by Global Private Banking Awards for second year in a row

RBC named "Best Private Bank in Canada" by Global Private Banking Awards for second year in a row

Prestigious award recognizes RBC's continued excellence in wealth management

TORONTO, October 30, 2013 — RBC has been recognized as the "Best Private Bank in Canada" for a second consecutive year in the Global Private Banking Awards 2013 presented by PWM (Professional Wealth Management) and The Banker magazines, publications of the Financial Times Group, one of the world's leading business news and information organizations.

The prestigious award, presented today at the annual Awards gala in Geneva, further demonstrates RBC's leadership position in providing best-in-class wealth management solutions in Canada. RBC was the first-ever recipient of the "Best Private Bank in Canada" award in 2012 when the category was introduced.

"This honour is yet another testament to the ongoing commitment of RBC Wealth Management to provide our clients with a world-class experience," said David Agnew, chief executive officer, RBC Wealth Management - Canada. "Our unparalleled team of advisors, investment counsellors, estate and trust professionals, wealth planning specialists and global support teams work hard every day, collaborating with partners from across RBC to provide our clients with comprehensive expertise and personalized solutions."

The PWM/The Banker Global Private Banking Awards recognize and reward excellence in wealth management among banks from the Americas, Europe, Asia, the Middle East and Africa, based on rigorous qualitative and quantitative criteria. These include progress against business model and growth strategies, client service, staff retention, as well as measures taken to build a client-centred culture.

"Being recognized once again for excellence in Private Banking in Canada speaks to the unparalleled strength of our advice and solutions," said Mary Holenski, head, RBC Private Banking. "This award is grounded on the commitment of our people to consistently live up to our values and deliver the best RBC has to offer to our valued clients."

The "Best Private Bank in Canada" award is the latest recognition of RBC strengths. Earlier this month, RBC Wealth Management was recognized as "Outstanding Wealth Manager - Customer Relationship Service and Engagement" and "Outstanding Private Bank - Digital Channels" in the 2013 Private Banker International Global Wealth Awards. Euromoney has recognized RBC as having the "Best Private Banking Services Overall" in Canada for six straight years. In July 2013, RBC Wealth Management was recognized for the third year in a row as the world's sixth largest global wealth manager in Scorpio Partnership's Global Private Banking Benchmark, an annual survey of the global wealth industry.

 

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