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RBC opens office in Chile
SANTIAGO, April 2, 2008 — RBC (NYSE, TSX: RY),
the largest financial institution in Canada, today announced
that it has entered the Chilean market with the opening of
a financial advisory office in Nueva Las Condes, the new financial
centre of Santiago. RBC's objective in Chile will be to provide
financial advisory services with a global vision to high net
worth individuals. The move complements RBC's strong presence
across Latin America amid the firm's ongoing expansion in
the region, including last week's office opening in Mexico.
"Chile is an exciting new frontier for RBC," said
Antonio Vianna, head of RBC Wealth Management, Latin America
region. "We are extremely selective in the markets in
which we operate, and within those markets our goal is to
build long term partnerships. Chile is at an exciting time
in its economic history and we want to be here to participate
in its growth."
Richard Diego has been appointed to head the new office.
A resident of Chile for nearly two decades, Mr. Diego has
extensive experience in Latin American financial markets.
He is a former President of the American Chamber of Commerce,
Chile, and has been a member of its Board of Directors since
1996. Mr. Diego is also a former member of the Board of Directors
of the Fulbright Commission in Chile.
"Richard brings a superb level of invaluable experience
and expertise to our clients," said Anthony Cooper, RBC
Wealth Management vice-president & regional manager, Latin
America.
RBC has been increasing its presence in Latin America and
the United States in recent years with the addition of offices
in several locations. The firm now has offices in seven Latin
American countries and plans to open additional offices throughout
the region in 2008. RBC is the fifth largest financial institution
in North America and 18th largest in the world by market capitalization.
"The international strength, depth and knowledge of
the largest financial institution in Canada, combined with
a team of talented local professionals in Chile, will put
us in a unique position to provide the absolute best customized
financial advice to our clients," said Michael Lagopoulos,
international head of RBC Wealth Management.
About RBC Wealth Management
RBC Wealth Management directly serves affluent and high net
worth clients in Canada, the United States, Latin America,
Europe and Asia, and provides asset management and trust products
and services directly and through RBC partners and third-party
distributors. RBC Wealth Management has nearly $500 billion
of assets under administration, more than $160 billion of
assets under management, and more than 3,600 financial consultants,
advisors, private bankers and trust officers.
About RBC
RBC (RY on TSX and NYSE) is Canada's largest bank as measured
by assets and market capitalization and one of North America's
leading diversified financial services companies. In the United
States, RBC provides personal and commercial banking, wealth
management, insurance, corporate and investment banking and
transaction processing services to about two million clients
through RBC Centura, RBC Insurance, RBC Liberty Insurance,
RBC Wealth Management and RBC Capital Markets. The company
employs approximately 70,000 full- and part-time employees
who serve more than 15 million personal, business, public
sector and institutional clients throughout offices in North
America and 36 countries around the world. For more information,
please visit www.rbc.com.
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For more information, please contact:
In Chile
Valentina Giacaman, GMZ Communications,
(562) 243-1880, vgiacaman@gmz.cl
Outside of Chile
Kevin Foster, RBC, (212) 428-6902,
kevin.foster@rbccm.com
Jackie Braden, RBC, (416) 974-2124,
jackie.braden@rbc.com
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