RBC the first-ever Canadian recipient of prestigious award
Nov. 8, 2012
/CNW/ - RBC (RY on TSX and NYSE), has been recognized as the "Best Private Bank in
" in the fourth annual 2012 Global Private Banking Awards. RBC has the distinction of being the first winner in this new category of the awards that celebrate excellence in wealth management, presented today at a ceremony in
"RBC Wealth Management is honoured to be the first recipient of this prestigious award," said
, group head RBC Wealth Management. "This recognition reflects our commitment to offer excellence in advice, best-in-class wealth solutions, and an integrated approach that brings the best of RBC worldwide to our clients."
"We are thrilled to see RBC receive this distinction, which recognizes our collaborative culture and the breadth and depth of integrated wealth solutions we provide to our Canadian Private Banking clients," said
, group head, Personal and Commercial Banking, RBC.
This award is one of several acknowledging the strength of RBC. Euromoney has recognized RBC as having the "Best Private Banking Services Overall" in
for five straight years. In
, RBC Wealth Management was recognized as "Best Private Bank North America", "Outstanding Wealth Planning & Trust Provider" and a "Lifetime Achievement" award for Deputy Chairman
in the 2012
Private Banker International
Awards. RBC Wealth Management was also recognized in
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.
The Global Private Banking Awards, presented by FT Business and its specialist business publications
Professional Wealth Management
, recognize and reward excellence in wealth management among private banks from The Americas,
based on rigorous qualitative and quantitative criteria.
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
the United States
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
of assets under administration, more than
of assets under management and approximately 4,300 financial consultants, advisors, private bankers and trust officers.
Royal Bank of
(RY on TSX and NYSE) and its subsidiaries operate under the master brand name RBC. We are
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
leading diversified financial services companies, and provide personal and commercial banking, wealth management services, insurance, corporate and investment banking and investor services 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
, the U.S. and 51 other countries. For more information, please visit