London, 28 January 2013 – RBC Wealth Management’s Caribbean business has been recognised as the ‘Caribbean Private Bank of the Year’ at the Citywealth International Financial Centre Awards, held in London.

RBC Wealth Management also came runner-up in the ‘Caribbean Trust Company of the Year’ and ‘Offshore Trust Company of the Year (British Crown Dependencies)’ categories.

The awards seek to highlight the excellence of professionals in the wealth sector in the Caribbean, Channel Islands and Switzerland. Clients, advisers and peers of all shortlisted firms were invited to vote for the firms they believed should win, and a panel of international practitioners from the industry judged the awards.

Deanna Price, Head of RBC Wealth Management – Caribbean, commented: “This award is recognition of the quality of our integrated wealth offering, and the professionalism of our teams across Bahamas, Barbados and the Cayman Islands. We continue to build our presence in the region and it is gratifying to see our hard work and success acknowledged by our peers.” 

For more information, please contact:

Paul French, Communications, RBC Wealth Management, +44 (0)20 7002 2013

Timi Oni, Communications, RBC Wealth Management +44 (0)207 653 4516

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$577 billion of assets under administration, more than C$339 billion of assets under management and approximately 4,300 financial consultants, advisors, private bankers and trust officers.

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 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 49 other countries. For more information, please visit rbc.com.