RBC Wealth Management named "Outstanding Private Bank
- North America" by Private Banker International
TORONTO, October 9, 2009 — RBC Wealth Management was announced
as the 2009 Award winner for "Outstanding Private Bank
- North America" from Private Banker International at
its Wealth Management Summit in Singapore.
"This award recognizes the strength, stability and leadership
of RBC in our domestic market and our longstanding commitment
in over 20 countries around the world to helping high net
worth clients grow, preserve, protect and ultimately transfer
wealth to succeeding generations," said George Lewis,
group head, RBC Wealth Management. "The award is a testament
to the success of our diversified business model and ability
to provide our global client base with an integrated wealth
management offering. Most importantly, the award recognizes
the high levels of dedication and expertise of our employees."
The Wealth Management Awards are based on nominations from
the worldwide readership of Private Banker International (PBI),
with winning institutions chosen by PBI's Advisory Board of
independent industry experts.
"RBC is one of the select few banks that have been enjoying
a flight to quality by clients, reflected in a steadily growing
international private banking franchise," said William
Cain, editor, Private Banker International. "RBC has
ambitious plans for international wealth management growth."
In addition, RBC's Matthew Yong, President, RBC Wealth Management,
Asia, was recognized as one of the world's Outstanding Young
Private Bankers. The award is presented to individuals who
represent the future of the industry and have demonstrated
excellence in their field, through either leadership, innovation
in products and services, excellence in strategy or a combination
of the three.
"We are extremely proud to have Matthew's leadership
as part of RBC Wealth Management's team in Asia," said
Michael Lagopoulos, head of the international arm of RBC Wealth
Management. "We are well-positioned to capitalize on
the tremendous growth in this region and its strong ties to
Canada."
The Private Banker International Wealth Management Summit
2009 is organized by the global wealth journal Private Banker
International. Private Banker International, based in London,
U.K., is the oldest and most established international wealth
management publication.
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 with a full suite of 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 division.
RBC Wealth Management has more than $490 billion of assets
under administration, nearly $240 billion of assets under
management and more than 4,500 financial consultants, advisors,
private bankers and trust officers. RBC Wealth Management
was recognized as the Outstanding Private Bank in North America
by Private Banker International in October 2009.
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For more information, please contact:
Tanis Robinson,
RBC Corporate Communications, (416) 974-1031
Stephanie Lu,
RBC Media Relations, (416) 974-5506
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