RBC Wealth Management, the global wealth and asset management division of Royal Bank of Canada, won the category Best Private Banking Services Overall in the Caribbean and Canada at the Euromoney private banking awards.
In addition, RBC ranked 13th in the category of Best Private Banking Services Globally, and achieved the number one ranking for Trust Services, Tax Guidance and Offshore Services in Jersey.
George Lewis, group head of RBC Wealth Management said: “It is extremely gratifying to be recognised by our peers in this way and across such a breadth of categories. It was a very successful year for our business as we made further significant moves to expand our platform worldwide, growing both through acquisition and organically. Our top 15 global placing demonstrates how this growth story is being noticed within the industry,
“While we appreciate the peer recognition from these awards, we are even more pleased by our positive client satisfaction, retention and acquisition, reflecting our position as an increasingly preferred provider of holistic wealth management solutions, including private banking, by HNW clients around the world,“ Mr. Lewis said.
Global Head of Trust at RBC Wealth Management Paul Patterson added that RBC’s “achievements in the Caribbean categories are testament to the success of our client-centric model and our expertise in wealth management in the region. We are delighted that this strength has been recognized in this year’s Euromoney survey.”
Deanna Bidwell, Managing Director of RBC Wealth Management in the Caribbean noted that the strength of RBC’s platform “is based on the expertise and dedication of 175 wealth management professionals in Barbados, the Bahamas and Cayman, who partner with our colleagues in retail banking to provide private clients with the most effective solutions”.
First published in 2004, the Euromoney Private Banking and Wealth Management Survey is based on a peer ranking methodology. RBC Wealth Management’s 2011 global ranking has remained constant at 13th, and is up from 24th place in 2009.