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RBC's five business segments are:
 Canadian
Banking
Wealth
Management
International
Banking
Capital
Markets
Insurance
Canadian Banking
Our Canadian Banking segment consists of all domestic banking
businesses. With its leading national distribution network
and the most valuable brand in Canada, it serves approximately
15 million clients through the country's most extensive branch
and ATM network, its proprietary and specialized sales forces,
online channels and call centres. Business lines in this segment
include Personal and Business Financial Services, Credit Cards
and Payment Solutions. RBC's retail investment business in
Canada, both in-branch and RBC Direct Investing, are a part
of this segment. This segment is headed by Dave
McKay .
Wealth Management
Wealth Management serves affluent and high net worth clients
around the world, providing asset management and estate and
trust services directly to clients and through RBC partners
and third-party distributors. The business has a network of
300 offices in 20 countries around the world and more than
C$500 billion of assets under administration, 3,500 financial
advisors and C$150 billion of assets under management. This
segment is headed by George
Lewis and is comprised of:
RBC Dominion Securities
With more than C$150 billion in assets under administration,
RBC Dominion Securities is the Canadian leader in investment
management for affluent and high net worth investors, on
both a discretionary and non-discretionary basis. While
investment management is the core offering, our 1,300+ investment
advisors and portfolio managers also provide a full scope
of wealth management advice and solutions, such as insurance,
retirement and estate planning and charitable giving to
address changing demographics and the baby boomer shift
into retirement.
RBC
Asset Management Inc.
BC Asset Management Inc. is a leading company within Canada's
mutual fund industry, with the single largest family of
funds. It provides a broad range of investment services
to investors through mutual funds, pooled funds and separately
managed portfolios. With over C$78 billion in assets under
management and offices in major financial centres around
the world, it is also one of Canada's largest money managers.
RBC Asset Management has led the industry in long-term net
sales for 13 consecutive quarters. The RBC Funds were recently
recognized as the 'Best Overall Fund Group' in Canada by
Lipper Inc.
RBC
Estate and Trust Services
RBC Estate and Trust Services is the industry leader in
Canada providing flexible and customized estate and trust
solutions. Over 200 Estate and Trust Specialists serve clients
across Canada in 13 offices and through a call centre. Clients
primarily include mass affluent and high net worth individuals,
their families and businesses.
RBC Global
Private Banking
Global Private Banking (GPB) is RBC's international wealth
management operation, serving high net worth and niche institutional
clients in select markets around the world. Client solutions
include private banking and credit, international trust
services, discretionary investment management, international
full-service brokerage and global custody and fund administration.
With 2,100 employees and 33 offices spread across 21 countries,
GPB is one of the top 20 global private banks in the world
and the #1 provider of international trust services in the
United Kingdom.
RBC
Private Counsel
RBC Private Counsel focuses exclusively on client portfolios
in excess of $1 million and provides the full range of wealth
management services including estate planning, trusts, tax
minimization, and other investment and planning solutions.
Twenty-seven Investment Counseling teams in 13 offices serve
clients across Canada.
RBC
Dain Rauscher
RBC Dain Rauscher Inc., a wholly owned subsidiary of Royal
Bank of Canada (RY: TSX, NYSE), is one of the largest full-service
securities firms in the United States. The company serves
individual investors and businesses through offices coast
to coast, and capital markets and correspondent clients
in select U.S. and international markets. Founded in 1909,
RBC Dain Rauscher is a member of the New York Stock Exchange
and other major securities exchanges, as well as the Securities
Investor Protection Corp.
Voyageur Asset Management Inc.
Voyageur Asset Management Inc. offers equity and fixed income
investment strategies under the Voyageur and Tamarack names.
A registered investment advisor, headquartered in Minneapolis,
Minnesota, Voyageur offers investment strategies to institutions
as well as individuals, through Voyageur Institutional Services
and Advisory Service Divisions. Founded in 1983, Voyageur
currently has $32 billion assets under management, 140 employees
in seven offices, and is an SEC-registered investment adviser.
International Banking
Our International Banking segment consists of RBC's banking
businesses outside Canada, which include RBC
Bank in the U.S., and RBC's Caribbean
banking operations. In addition, it includes RBC's 50
per cent ownership in RBC Dexia, which offers a complete range
of investor services, such as custody and fund administration,
to institutions worldwide. RBC International Banking provides
personal and business banking solutions to individuals, businesses,
business owners and professionals through 350 banking centres
in the U.S. Southeast. Its Caribbean operations provide banking
solutions to individuals and business throughout a network
of 44 branches in eight Caribbean countries and territories.
This segment is headed by Jim
Westlake.
RBC Bank
Headquartered in Raleigh, RBC Centura is the 46th largest
U.S. bank based on assets as of October 31, 2006. It offers
a wide range of financial services and advice, including
a complete line of banking and mortgage services to individuals,
businesses and public institutions throughout the Southeast.
Its multi-faceted customer access network includes more
than 330 full-service banking centers, an extensive ATM
network and telephone and Internet banking.
RBC
Builder Finance
A division of RBC Centura, RBC Builder Finance is a $3.55
billion nationwide lender that specializes in providing
financing to experienced residential developers and homebuilders.
Headquarters in Houston, Texas, it serves more than 80 metropolitan
markets throughout the U.S.
Caribbean
Banking
RBC Royal Bank of Canada has a longstanding presence in
the Caribbean and currently operates 46 branches and 68
automated banking machines in nine Caribbean countries and
territories, with more than 1500 employees across the region,
including the Bahamas.
RBC
Dexia
As Canada's leading global custodian, RBC Dexia Investor
Services (IS) has been serving institutional investors for
over a century. IS provides global custody services virtually
anywhere you choose to invest.
Capital Markets
Capital Markets, our global wholesale banking segment, provides
corporate and institutional clients with advice, capital,
access to the world's financial markets and innovative products
to help them achieve their growth objectives. By leveraging
its leadership position in Canada, it has built a strong and
growing U.S. mid-market capital markets franchise. Outside
North America, it has established itself as leading provider
of global financial services. Notable areas of strength include
global fixed income distribution capabilities, structuring
and trading, foreign exchange, and infrastructure finance,
as well as broad capabilities in global mining and energy.
This segment is headed by Chuck
Winograd.
RBC Capital Markets
Insurance
RBC Insurance® provides a wide range of life, health,
travel, home, auto and reinsurance products as well as creditor
insurance services to more than five million clients in Canada,
the U.S. and internationally. These products and services
are offered through a wide variety of distribution channels,
including retail insurance branches, the telephone, independent
brokers, travel agents, a proprietary sales force and the
Internet. This segment is headed by Jim
Westlake.
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