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RBC Wealth Management achieves global recognition in Euromoney
Private Banking Awards
# 1 - Best private banking services overall - Canada
# 1 - Best private banking services overall - Caribbean
# 1 - Best private banking services overall - Jersey
# 3 - Best private banking services overall - North America
# 13 - Best private banking services overall - Global
TORONTO, February 9, 2010 — RBC Wealth
Management, part of Royal Bank of Canada (RY on TSX and NYSE),
today announced its success in the 2010 Euromoney Private
Banking Awards. The wealth manager has been recognized as
having the "Best Private Banking Services Overall"
in three separate regions of the world - Canada, the Caribbean
and Jersey. In addition, RBC is ranked 3rd and 13th respectively
in the categories of "Best Private Banking Services Overall
in North America" and "Best Private Banking Services
Globally" and ranked in the top 20 in Latin America and
Western Europe.
"We are extremely pleased and flattered to be so highly
recognized by our peers in Euromoney's Private Banking
Awards," said George Lewis, group head of RBC Wealth
Management. "Our success in Canada and internationally
reflects our rapidly expanding global footprint and our commitment
to delivering high quality, client-centric integrated wealth
management solutions and advice. The awards confirm our position
as a Top 15 private bank and emphasize that we continue to
be there for our clients around the world in the wake of the
financial crisis."
Michael Lagopoulos, CEO and president of International Wealth
Management at RBC, said: "Our wealth management business
across the globe has benefitted from the size, strength and
stability of Royal Bank of Canada. This has enabled us to
continue to grow our international business. In 2009, we were
able to gain market share, add significant new clients and
recruit exceptional talent to our global wealth management
operations."
RBC Wealth Management's 2010 rankings in the Euromoney
Private Banking Awards are up significantly from its 2009
rankings in a number of key markets around the world. The
firm's global ranking has moved up to 13th place in 2010 (from
24th place in 2009). The Euromoney survey uses a peer
ranking methodology.
In Canada, RBC was the clear market leader for the third year in a row, winning the number one ranking in 16 out of 34 categories. RBC took top honours for Best Private Banking Services Overall, Relationship Management, Services for Super Affluent (US $500,000 to US $1 million), Services for High Net Worth I (US $1 million to US $10 million), Specialized Services for Entrepreneurs, Specialized Services for Corporate Executives and Specialized Services for Inherited Wealth and Business and Lending/Financing Solutions.
About RBC Wealth Management
The international arm of RBC Wealth Management services over
35,000 high net worth individuals and institutions through
more than 30 offices in the British Isles, Continental Europe,
Asia, the Middle East, the Caribbean, Latin America and North
America. RBC Wealth Management provides integrated and diversified
international wealth management expertise and solutions, asset
management and trust services to high net worth individuals
and to corporate and institutional clients. Services provided
by RBC Wealth Management consultants, advisors, private bankers
and trust officers include trust and estate planning, tax
advice, discretionary investment management and investment
advisory services, structured solutions, banking, lending
and global custody. For more information, please visit www.rbcwminternational.com.
RBC Wealth Management, a segment of RBC,
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, through its RBC Global Asset Management division,
and through RBC and third-party distributors to institutional
and individual clients. RBC Wealth Management has more than
C$500 billion of assets under administration, over C$245 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 Best North American based Wealth Manager
by Private Banker International in October 2009.
About RBC
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, one
of North America's leading diversified financial services
companies and among the largest banks in the world, as measured
by market capitalization. We provide personal and commercial
banking, wealth management services, insurance, corporate
and investment banking and transaction processing services
on a global basis. We employ approximately 80,000 full- and
part-time employees who serve more than 18 million personal,
business, public sector and institutional clients through
offices in Canada, the U.S. and 53 other countries. For more
information, please visit www.rbc.com.
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Media Enquiries:
Greentarget, London:
Dafina Grapci-Penney, telephone: +44 (0)20 7680 5052
Hubbell Group, New York:
Loretta Healy, telephone: (781) 878 8882
RBC Corporate Communications, Toronto:
Tanis Robinson, telephone: (416) 974-1031
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