RBC Wealth Management's global leadership recognized with two prestigious industry awards

Awards acknowledge best-in-class client service, wealth planning and trust offerings

TORONTO, Oct. 17, 2014 /CNW/ - RBC Wealth Management, part of Royal Bank of Canada (RY on TSX and NYSE), has been named "Outstanding Wealth Manager – Customer Relationship Service and Engagement" for the second consecutive year and "Outstanding Wealth Planning and Trust Provider" in the Private Banker International Global Wealth Awards. RBC Wealth Management was also a finalist in the categories of "Outstanding Global Private Bank – North America" and "Outstanding Private Bank for Ultra High Net Worth Clients". The awards were announced yesterday evening at a gala event in Singapore.

The Private Banker International Global Wealth Awards recognize industry leading wealth management firms, individuals and organizations that are setting new standards for the industry.

"These awards reflect our commitment to our clients and the unparalleled strength of our people, solutions and platform," said M. George Lewis, group head, RBC Wealth Management & RBC Insurance. "RBC Wealth Management is committed to providing a consistent, superior experience for our clients, so we are truly honoured to receive these prestigious acknowledgements."

Private Banker International's recognition of RBC Wealth Management's global strength and expertise add to a number of recent industry acknowledgements. In September 2014, RBC Wealth Management was named 'Trust Company of the Year' in the Society of Trust and Estate Practitioners (STEP) Private Client Awards 2014/15 and, in July, it was ranked as the fifth largest wealth manager in the world in Scorpio Partnership's Global Private Banking KPI Benchmark 2014, an annual survey of the global wealth management industry.

About RBC Wealth Management
RBC Wealth Management is one of the world's top five 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$700 billion of assets under administration, more than C$442 billion of assets under management and approximately 4,400 financial consultants, advisors, private bankers, and trust officers. For more information, please visit www.rbcwealthmanagement.com

*Scorpio Partnership Global Private Banking KPI Benchmark 2014. 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.

About RBC
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 40 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 2013, we contributed more than $104 million to causes worldwide, including donations and community investments of more than $69 million and $35 million in sponsorships. Learn more at www.rbc.com/community-sustainability.

SOURCE RBC