Royal Bank of Canada Wealth Management to Close Uruguay Office
The decision is “part of a strategic review of our Latin American business,” said Aishling Cullen, a spokeswoman for the Toronto-based company, in an e-mailed statement. Some employees may move to other locations, and the office will provide services until Oct. 31, she said.
A local judicial inquiry involving soccer players, in which the bank was asked for information in June, is “a separate situation,” Cullen said. The firm is working with authorities and hasn’t been accused of any wrongdoing, she said.
To contact the reporter on this story: Doug Alexander in Toronto at firstname.lastname@example.org