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About RBC > Corporate Profile > Awards and Recognition > RBC named 'Best Private Bank in Canada' by Global Private Banking Awards for third year in a row, adds top rank in Caribbean

RBC named “Best Private Bank in Canada” by Global Private Banking Awards for third year in a row; adds top rank in Caribbean

Awards recognize RBC’s continued excellence in wealth management

TORONTO, October 30, 2014 -  RBC has been recognized as the “Best Private Bank in Canada” for the third consecutive year in the Global Private Banking Awards 2014 presented by PWM (Professional Wealth Management) and The Banker magazines, making it the consistent winner in this category since it was first introduced into the awards programme in 2012. RBC also took the inaugural top ranking as “Best Private Bank in the Caribbean”, a new category in this year’s awards. The awards were presented at an evening gala in Geneva on October 29.

“We are extremely proud to receive these esteemed acknowledgements that reflect the unparalleled strength of our offering and our deep commitment to our clients,” said M. George Lewis, group head, RBC Wealth Management & RBC Insurance. “As one of the top five largest wealth managers in the world, we are able to leverage the best RBC has to offer to bring consistent excellence in advice and solutions to our clients globally. This has enabled us to extend our leadership position in Canada and continue our strong momentum in key international centres, including the Caribbean.”

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. Evaluation measures include progress against business model and growth strategies, client relationship management, staff retention, and the evolution of asset allocation and product strategy in line with investor needs.

“We are delighted to once again be named as Canada’s best Private Bank,” said Jennifer Tory, group head, Personal & Commercial Banking, RBC. “Our team takes a highly collaborative approach, working closely with our partners across RBC to provide exceptional service and personalized solutions to our clients, so it is a tremendous honour to see their dedication and hard work recognized in this way.”

These awards are among a number that have recently recognized RBC’s global strength in wealth management and private banking:

  • Earlier this month, RBC Wealth Management was recognized as “Outstanding Wealth Manager – Customer Relationship Service and Engagement” for the second consecutive year and “Outstanding Wealth Planning and Trust Provider” in the 2014 Private Banker International Global Wealth Awards.
  • In September 2014, RBC Wealth Management was named ‘Trust Company of the Year’ in the Society of Trust and Estate Practitioners (STEP) Private Client Awards 2014/15.
  • Euromoney has recognized RBC as having the “Best Private Banking Services Overall” in Canada for seven straight years and in the Caribbean for five years running.
  • In July 2014, RBC Wealth Management was recognized as the world’s fifth largest global wealth manager in Scorpio Partnership’s Global Private Banking Benchmark, an annual survey of the global wealth industry.
  • In March 2014, RBC was recognized as the leading “Canadian Private Bank”, in the inaugural Family Wealth Report Awards.

 

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