March 2009 – The international division of RBC Wealth Management in the British Isles has won the award for Best Investment Performance, Defensive Portfolios at the 2009 Private Asset Management (PAM) awards
The PAM awards, which celebrate and recognise top asset management firms, were held at London's prestigious Dorchester hotel on Thursday 5th March, 2009. RBC's Edward Upsdell, Managing Director, Discretionary Investments, London, was there to collect the award.
"We won this award because of our disciplined investment philosophy and process, delivering sound performance without taking on undue risk and it is great to see our internal discretionary offering being recognised at these awards."
"The conservative approach we take to portfolio construction is showing its worth in these difficult markets," he said.
The PAM awards, regarded as the Oscars of the asset management industry in the UK, are entered by firms including private banks, fund managers and stockbrokers and this year a record 43 firms submitted entries. The entries, across 11 categories, are scored and ranked by a panel of industry experts before being shortlisted and finally awarded. This is the first PAM award won by RBC Wealth Management.