RBC's global strength affirmed by numerous
Euromoney award wins
RBC recognized for Best Private Banking Services in Canada
and the Caribbean
TORONTO, February 7, 2013 — RBC (RY on TSX and
NYSE) has received numerous acknowledgements in the 2013 Euromoney
Private Banking and Wealth Management Survey, winning awards
for the "Best Private Banking Services Overall"
in Canada for an unprecedented sixth consecutive year, the
Caribbean for the fourth year in a row and in the Cayman Islands
for the second year running. In addition, RBC once again ranked
in the top 10 for "Best Private Banking Services Overall"
in North America and in the top 20 globally.
RBC Wealth Management achieved significant recognition for
its trust capabilities, ranking in the top 10 for "Trust
Services Globally" and earning the number one ranking
for trust services in Canada, the UK, the Cayman Islands and
Jersey. These distinctions follow a number of other awards
recently received by RBC Wealth Management's international
trust business, including Outstanding Wealth Planning &
Trust Provider in the Private Banker International Global
Wealth Awards, and other industry-leading recognitions from
Citywealth and Private Client Practitioner.
"As the sixth largest wealth manager in the world, we
leverage our global capabilities to bring excellence in advice
and solutions to our clients," said George Lewis, group
head, RBC Wealth Management & RBC Insurance. "We
are proud to receive these prestigious awards which are an
acknowledgement of the commitment and expertise of our people
around the world, including in Canada where we have extended
our number one market share among high-net-worth clients."
In Canada, RBC ranked first in a number of key categories
including Relationship Management, High Net Worth client service
in multiple categories ($500,000 to $1 million USD and $1
million to $10 million USD), Range of Investment Products,
Trust Services, Privacy and Security, Fixed Income Portfolio
Management, Lending/Financing Solutions and Range of Advisory
"We are delighted and honoured to see our private banking
business recognized as the best in the industry for an unprecedented
sixth consecutive year," said David McKay, group head,
RBC Personal & Commercial Banking. "This acknowledgement
from our peers is a true testament to our strengths in client
service and the collaborative approach we take to deliver
the best of RBC to our high-net-worth families."
RBC's accomplishments in the Euromoney survey add to its
recent recognition as "Best Private Bank in Canada"
in the annual 2012 Global Private Banking Awards and "Outstanding
Private Bank North America" in the 2012 Private Banker
International Global Wealth Awards.
First published in 2004, the Euromoney Private Banking and
Wealth Management Survey is regarded as one of the leading
benchmarks for the global wealth management industry. Survey
results are based primarily on a peer ranking methodology.
RBC Wealth Management was 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.
About RBC Wealth Management
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$577 billion of assets under administration,
more than C$339 billion of assets under management and approximately
4,300 financial consultants, advisors, private bankers and
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
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 49 other countries.
For more information, please visit rbc.com.
RBC supports a broad range of community initiatives through
donations, sponsorships and employee volunteer activities.
In 2012, we contributed more than $95 million to causes worldwide
(more than $64 million in donations, and $31 million in sponsorships).
- 30 -
For more information, contact:
Paul French, +44
(0) 20 7002 2013