TORONTO, March 17, 2014 - RBC has taken home three awards and was shortlisted for six others in the first-ever Family Wealth Report Awards. RBC was recognized as the leading 'Canadian Private Bank', while John Taft, CEO of RBC Wealth Management - U.S. was honoured with a 'Leading Individual' award and RBC Investor & Treasury Services took the top spot in the 'Global Custodian' category.
RBC's 'Canadian Private Bank' award is the latest in a string of global awards recognizing its industry-leading offering to high net worth and ultra high net worth clients in Canada, including accolades for 'Best Private Banking Services in Canada Overall' for seven years running in the Euromoney Private Banking and Wealth Management Survey and 'Best Private Bank in Canada' for two consecutive years in the Global Private Banking Awards.
'This prestigious award speaks to our collaborative culture and to our unparalleled approach to delivering the best RBC has to offer to our high-net-worth families,' said Mary Holenski, head, RBC Private Banking.
The Family Wealth Report Awards also recognized John Taft, chief executive officer of RBC Wealth Management - U.S. as a leading individual in the industry. 'I am honoured to receive this generous acknowledgement from my peers in the industry,' said Taft.
Commenting on the award, George Lewis, Group Head, RBC Wealth Management & RBC Insurance said: 'While being recognized as a leading individual in the industry is no small feat, this award is very well earned as John consistently, and with great commitment, applies his voice, visibility and influence to lead positive change within the industry, our business and the community. John actively strives to enact changes that benefit clients and reinforce integrity in the industry and is a strong and very public advocate for stewardship and diversity.'
At a global level, RBC Investor & Treasury Services was honoured with a 'Global Custodian' award, based on the reliability and strength of its custody business which provides excellence in custody services to private clients.
In addition to its award wins, RBC was shortlisted for six other Family Wealth Report Awards:
The Family Wealth Report Awards celebrate best-in-class providers of private banking and wealth management services, with winners selected by a panel of judges based on their demonstrated innovation and excellence during 2013.
About RBC Wealth
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$675 billion of assets under administration, more than C$411 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 .
About RBC Investor & Treasury Services
RBC Investor & Treasury Services (RBC I&TS) is a leading specialist provider of asset servicing, custody, payments and treasury services for financial and other institutional investors worldwide. We serve clients from 19 locations across North America, Europe and the Asia-Pacific region. We deliver custodial, advisory, financing and other services to safeguard clients' assets, maximize liquidity and manage risk in multiple jurisdictions. RBC I&TS is ranked among the world's top 10 global custodians, with USD 3.1 trillion (CAD 3.2 trillion) in client assets under administration (as of October 31, 2013).
Royal Bank of Canada is Canada's largest bank, and one of 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 capital markets products and services on a global basis. We employ approximately 79,000 full- and part-time employees who serve more than 16 million personal, business, public sector and institutional clients through offices in Canada, the U.S. and 42 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
- 30 -
For more information, please contact:
Claire Holland, Director, RBC Wealth Management, 416 974-2239