| |
RBC Wealth Management Among The Top 10 Global Wealth Managers
Scorpio report places RBC Wealth Management as seventh largest
wealth manager
TORONTO and LONDON, July 12, 2010— RBC
Wealth Management, part of Royal Bank of Canada (RY on TSX
and NYSE), has been recognized as one of the world's top 10
largest wealth managers in Scorpio Partnership's Global Private
Banking KPI Benchmark 2010, an annual survey of the global
wealth industry.
This marks the first time RBC has been recognized in the
Scorpio review, debuting in seventh place among almost 230
wealth management institutions, based on the $379 billion
of client assets Scorpio considered under its review process.
The Global Top 10 are recognized as controlling 64 per cent
of the current industry market share.
Commenting on the recognition, George Lewis, group head of
RBC Wealth Management, said: "Our position in the Top
10 wealth managers reflects our rapidly expanding global footprint
and our commitment to delivering high quality, client-centric
integrated wealth management solutions and advice. We have
attracted significant inflows over the last two years in the
wake of the financial crisis, as clients have continued to
find comfort in the strength and stability of RBC. In 2009,
RBC Wealth Management was able to gain market share, add a
significant number of new clients and recruit exceptional
talent to our diverse businesses, and we look to continue
growing our global franchise through 2010 and beyond."
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, based
on market capitalization. We are one of North America's leading
diversified financial service companies, provide personal
and commercial banking, wealth management services, insurance,
corporate and investment banking and transaction processing
services on a global basis. We employ approximately 77,000
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 52 other countries.
For more information, please visit www.rbc.com.
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$490 billion of assets under administration, nearly C$240
billion of assets under management and more than 4,500 financial
consultants, advisors, private bankers and trust officers
- 30 -
Media Enquiries:
Claire Holland, Toronto:
claire.holland@rbc.com
Telephone: 416 974 9334
Sanam Alaghband, London: sanam.alaghband@rbc.com
Telephone: +44 (0)20 7002 2013
|
|
