GEORGE TOWN (GRAND CAYMAN) – JANUARY 9, 2020 — Royal Bank of Canada (RY on TSX and NYSE) (RBC) will open a new office in Grand Cayman’s Camana Bay community on Monday, January 13, 2020. The new location on Forum Lane will house the operations for RBC Dominion Securities along with a team from the bank’s Private Banking service.  

“We are incredibly proud to be moving into the Camana Bay community,” said Andrew McCartney, Managing Director, RBC Dominion Securities. “As one of the region’s leading financial and commercial hubs, Camana Bay offers world class services and solutions for Cayman residents. RBC’s new office will add to those offerings while giving our clients a one-stop-shop for all their wealth management and private banking needs.”  

RBC’s new office will add approximately 30 employees to the more than 2,500 who currently work in Camana Bay. This move will consolidate RBC Dominion Securities and private banking employees from across Cayman into one convenient location. In the coming weeks, RBC will also install an Automated Teller Machine in Camana Bay’s Town Centre to give all clients more access to banking services. 

“RBC Royal Bank has a proud history in the Caribbean,” said Malynda Gibson-Nixon, Country Manager, Cayman Islands. “With over 55 years of service to this community, our new office is a sign of our continued investment in the Cayman Islands. We are confident in the strength of this market and we are excited for what the future holds here.”

For 50 years, RBC Dominion Securities has helped individuals, families, businesses, charitable foundations, and other organizations in the Cayman Islands build on, and preserve, their wealth through sound financial planning, trusted investment advice, and unparalleled wealth management solutions. Building on a 120-year history around the world, with over 400,000 clients globally, and more than $402 billion in assets under care, RBC Dominion Securities is one of the world’s leading full-service investment and wealth management firms.

RBC Royal Bank is the proud recipient of Global Finance magazine’s 2020 Best Private Bank (North America) Award. The publication also gave RBC its top accolades in the Caribbean, specifically, Best Private Bank, Best Private Bank for Entrepreneurs, and Best Private Bank for Families.