RBC Recognized as "Best Private Bank in
Canada" in Global Private Banking Awards
RBC the first-ever Canadian recipient of prestigious award
TORONTO, November 8, 2012 -RBC (RY on TSX and NYSE),
has been recognized as the "Best Private Bank in Canada"
in the fourth annual 2012 Global Private Banking Awards. RBC
has the distinction of being the first winner in this new
category of the awards that celebrate excellence in wealth
management, presented today at a ceremony in Singapore.
"RBC Wealth Management is honoured to be the first recipient
of this prestigious award," said George Lewis, group
head RBC Wealth Management. "This recognition reflects
our commitment to offer excellence in advice, best-in-class
wealth solutions, and an integrated approach that brings the
best of RBC worldwide to our clients."
"We are thrilled to see RBC receive this distinction,
which recognizes our collaborative culture and the breadth
and depth of integrated wealth solutions we provide to our
Canadian Private Banking clients," said Dave McKay, group
head, Personal and Commercial Banking, RBC.
This award is one of several acknowledging the strength of
RBC. Euromoney has recognized RBC as having the "Best
Private Banking Services Overall" in Canada for five
straight years. In October 2012, RBC Wealth Management was
recognized as "Best Private Bank North America",
"Outstanding Wealth Planning & Trust Provider"
and a "Lifetime Achievement" award for Deputy Chairman
Michael Lagopoulos in the 2012 Private Banker International
Awards. RBC Wealth Management was also recognized in July
2012 as the world's sixth largest Global Wealth Manager in
Scorpio Partnership's Global Private Banking Benchmark 2012,
an annual survey of the global wealth industry.
The Global Private Banking Awards, presented by FT Business
and its specialist business publications The Banker and
Professional Wealth Management, recognize and reward excellence
in wealth management among private banks from The Americas,
Europe and Asia based on rigorous qualitative and quantitative
criteria.
About 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 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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