TORONTO, October 30, 2013 - RBC has been recognized as the "Best Private Bank in Canada" for a second consecutive year in the Global Private Banking Awards 2013 presented by PWM (Professional Wealth Management) and The Banker magazines, publications of the Financial Times Group, one of the world's leading business news and information organizations.
The prestigious award, presented today at the annual Awards gala in Geneva, further demonstrates RBC's leadership position in providing best-in-class wealth management solutions in Canada. RBC was the first-ever recipient of the "Best Private Bank in Canada" award in 2012 when the category was introduced.
"This honour is yet another testament to the ongoing commitment of RBC Wealth Management to provide our clients with a world-class experience," said David Agnew, chief executive officer, RBC Wealth Management - Canada. "Our unparalleled team of advisors, investment counsellors, estate and trust professionals, wealth planning specialists and global support teams work hard every day, collaborating with partners from across RBC to provide our clients with comprehensive expertise and personalized solutions."
The PWM/The Banker Global Private Banking Awards recognize and reward excellence in wealth management among banks from the Americas, Europe, Asia, the Middle East and Africa, based on rigorous qualitative and quantitative criteria. These include progress against business model and growth strategies, client service, staff retention, as well as measures taken to build a client-centred culture.
"Being recognized once again for excellence in Private Banking in Canada speaks to the unparalleled strength of our advice and solutions," said Mary Holenski, head, RBC Private Banking. "This award is grounded on the commitment of our people to consistently live up to our values and deliver the best RBC has to offer to our valued clients."
The "Best Private Bank in Canada" award is the latest recognition of RBC strengths. Earlier this month, RBC Wealth Management was recognized as "Outstanding Wealth Manager - Customer Relationship Service and Engagement" and "Outstanding Private Bank - Digital Channels" in the 2013 Private Banker International Global Wealth Awards. Euromoney has recognized RBC as having the "Best Private Banking Services Overall" in Canada for six straight years. In July 2013, RBC Wealth Management was recognized for the third year in a row as the world's sixth largest global wealth manager in Scorpio Partnership's Global Private Banking Benchmark, 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$615 billion of assets under administration, more than C$373 billion of assets under management and over 4,400 financial consultants, advisors, private bankers, and trust officers. For more information, please visit www.rbcwealthmanagement.com
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, investor services and wholesale banking 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 44 other countries. For more information, please visit rbc.com.
*Scorpio Partnership Global Private Banking KPI Benchmark 2013. In the United States, securities are offered through RBC Wealth Management, a division of RBC Capital Markets, LLC, a wholly owned subsidiary of Royal Bank of Canada. Member NYSE/FINRA/SIPC.
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Claire Holland, RBC Wealth Management, 416-974-2239, email@example.com
Paul French, RBC Wealth Management, +44 (0)-20-7002-2013, firstname.lastname@example.org