Royal Bank of Canada won 17 first-place awards in the EuroMoney Private Banking and Wealth Management Survey 2016, taking home “Best Private Banking Services Overall” in Canada for the ninth consecutive year. RBC also took top spot in Canada for “Innovative Technology – Client Experience” and “Innovative Technology – Back Office Systems.”
“It’s an honour to be recognized in a survey of our peers for the full breadth of expertise and advice that we bring to help high-net-worth clients and their families achieve their long-term goals,” said Doug Guzman, Group Head, RBC Wealth Management and RBC Insurance. “We have invested in new technology that puts the success of the client as the starting point, and continually raises the bar on what we can deliver to our relationship managers and the clients they serve.”
In Canada, RBC also ranked first in a number of key categories including Net-Worth-Specific Services for Clients with Assets of US$1 Million – US$5 Million and US$30 Million+, Asset Management, Investment Banking Capabilities, Commercial Banking Capabilities, Research and Asset Allocation Advice, and SRI/Social Impact Investing. RBC Wealth Management – International also won five first-place awards, recognizing its expertise serving the high-net-worth and ultra-high-net-worth market.
“Receiving recognition as the best Canadian private bank for a ninth consecutive year is a tremendous accomplishment,” said Jennifer Tory, Group Head, RBC Personal and Commercial Banking. “It recognizes the many people who bring together the best of RBC to meet the complex and evolving needs of clients.”
First published in 2004, the Euromoney Private Banking and Wealth Management Survey is regarded as one of the leading benchmarks for the global wealth management industry. Survey results are based primarily on a peer ranking methodology.
RBC’s accomplishments in the Euromoney survey add to its recent recognition as “Best Private Bank in Canada” for the fourth consecutive year in the Global Private Banking Awards 2015 and best “Canadian Private Bank”” for a second consecutive year at the 2015 Family Wealth Report Awards.