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RBC Wealth Management's Global Strength Recognized
With Three Private Banker International Awards
Outstanding Private Bank North America
Outstanding Wealth Planning & Trust Provider
Lifetime Achievement Award for Deputy Chairman Michael Lagopoulos
TORONTO, October 24, 2012 - RBC Wealth Management,
part of Royal Bank of Canada (RY on TSX and NYSE), is pleased
to have earned three major awards – more than any other
wealth manager – in the 2012 Private Banker International
Global Wealth Awards. RBC Wealth Management was recognized
as “Outstanding Private Bank North America”, “Outstanding
Wealth Planning & Trust Provider” and received a
“Lifetime Achievement” award recognizing the contributions
of Deputy Chairman Michael Lagopoulos. The global business
was also a finalist for “Outstanding Private Bank –
Latin America.” The awards were presented today at a
gala dinner in Singapore.
“We are extremely proud to see RBC Wealth Management
recognized for its strength, global expertise and commitment
to delivering integrated advice and solutions to meet the
needs of our global high net worth and ultra high net worth
clients,” said George Lewis, group head, RBC Wealth Management.
“This combination of awards is reflective of our leading
position in North America, our unparalleled global planning
and trust capabilities and the quality and commitment of our
people.”
Nicholas Moody, Editor, Private Banker International,
noted RBC Wealth Management’s resilience in the face
of a challenging economic environment, saying: “Amidst
the global financial turmoil of the past five years, RBC Wealth
Management’s strength and stability have proven to be
winning qualities among clients and provide it with a solid
base to continue expanding its operations internationally.”
Commenting on his lifetime achievement award, Lagopoulos
said, “I feel fortunate to have had a long and varied
career with RBC and am honoured to receive this generous acknowledgement
by my peers in the industry.” Lagopoulos recently announced
his retirement as Deputy Chairman, RBC Wealth Management after
a 26-year career at RBC.
The Private Banker International Global Wealth Awards
are regarded as one of the most prestigious in the industry,
voted by the industry for the industry. They aim to recognize
best-in-class institutions and provide objective benchmarks
for the global private banking and wealth management business.
The results are based on selections by Private Banker International’s
advisory board of independent wealth management specialists.
RBC Wealth Management was recognized in July 2012 as the
world’s sixth largest Global Wealth Manager by Scorpio
Partnership’s Global Private Banking Benchmark 2012,
an annual survey of the global wealth industry.
About RBC Wealth Management
RBC
Wealth Management is one of the world's top 10 largest
wealth managers. RBC Wealth Management directly serves affluent,
high-net-worth and ultra high net worth clients in Canada,
the United States, Latin America, Europe, the Middle East,
Africa and Asia with a full suite of banking, 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
business (which includes BlueBay Asset Management). RBC Wealth
Management has more than C$562 billion of assets under administration,
more than C$324 billion of assets under management and approximately
4,300 financial consultants, advisors, private bankers and
trust officers.
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, and
are among the largest banks in the world, based on market
capitalization. We are one of North America's leading diversified
financial services companies, and provide personal and commercial
banking, wealth management services, insurance, corporate
and investment banking and investor services on a global basis.
We employ approximately 80,000 full- and part-time employees
who serve more than 15 million personal, business, public
sector and institutional clients through offices in Canada,
the U.S. and 51 other countries. For more information, please
visit www.rbc.com.
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Media Enquiries:
North America:
Claire Holland, RBC Wealth Management, 416-974-2239, claire.holland@rbc.com
Europe/Caribbean:
Paul French, RBC Wealth Management, +44 (0) 20 7002 2013,
paul.french@rbc.com
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