Prestigious award recognizes RBC's continued excellence in wealth
management
TORONTO, Oct. 30, 2013 /CNW/ - 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.
About RBC
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.
SOURCE RBC
