RBC Wealth Management's global strength recognized with three Private Banker
Outstanding Private Bank North America
Outstanding Wealth Planning & Trust Provider
Lifetime Achievement Award for Deputy Chairman Michael Lagopoulos
TORONTO, Oct. 24, 2012 /CNW/ - RBC Wealth Management, part of Royal Bank of
Canada (RY on TSX and NYSE), is pleased to have earned three major awards -
more than any other wealth manager - in the 2012 Private Banker International
Global Wealth Awards. RBC Wealth Management was recognized as "Outstanding
Private Bank North America", "Outstanding Wealth Planning & Trust Provider"
and received a "Lifetime Achievement" award recognizing the contributions of
Deputy Chairman Michael Lagopoulos. The global business was also a finalist
for "Outstanding Private Bank - Latin America." The awards were presented
today at a gala dinner in Singapore.
"We are extremely proud to see RBC Wealth Management recognized for its
strength, global expertise and commitment to delivering integrated advice and
solutions to meet the needs of our global high net worth and ultra high net
worth clients," said George Lewis, group head, RBC Wealth Management. "This
combination of awards is reflective of our leading position in North America,
our unparalleled global planning and trust capabilities and the quality and
commitment of our people."
Nicholas Moody, Editor, Private Banker International, noted RBC Wealth
Management's resilience in the face of a challenging economic environment,
saying: "Amidst the global financial turmoil of the past five years, RBC
Wealth Management's strength and stability have proven to be winning qualities
among clients and provide it with a solid base tocontinue expanding its
Commenting on his lifetime achievement award, Lagopoulos said, "I feel
fortunate to have had a long and varied career with RBC and am honoured to
receive this generous acknowledgement by my peers in the industry." Lagopoulos
recently announced his retirement as Deputy Chairman, RBC Wealth Management
after a 26-year career at RBC.
The Private Banker International Global Wealth Awards are regarded as one of
the most prestigious in the industry, voted by the industry for the industry.
They aim to recognize best-in-class institutions and provide objective
benchmarks for the global private banking and wealth management business. The
results are based on selections by Private Banker International's advisory
board of independent wealth management specialists.
RBC Wealth Management was recognized in July 2012 as the world's sixth largest
Global Wealth Manager by Scorpio Partnership's Global Private Banking
Benchmark 2012, an annual survey of the global wealth industry.
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$562 billion of assets under
administration, more than C$324 billion of assets under management and
approximately 4,300 financial consultants, advisors, private bankers and trust
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 are 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, 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 Canada, the U.S. and 51
other countries. For more information, please visit rbc.com.
North America: Claire Holland, RBC Wealth Management,
Europe/Caribbean: Paul French, RBC Wealth Management, +44 (0) 20 7002
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-0- Oct/24/2012 14:00 GMT
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