RBC celebrated as leading North American wealth manager with two industry award wins

• "Best Private Bank in Canada" at PWM/The Banker Global Private Banking Awards 2016
• "Outstanding Global Private Bank - North America" at Private Banker International Global Wealth Awards 2016

TORONTO, Oct. 27, 2016 /CNW/ - RBC Wealth Management ("RBC"), part of Royal Bank of Canada (RY on TSX and NYSE), has won two industry accolades for its commitment to providing clients with premier wealth management capabilities and unparalleled customer service.

For a fifth consecutive year, RBC received top honours for "Best Private Bank in Canada" at the 2016 PWM/The Banker Global Private Banking Awards. RBC was also a finalist for "Best Private Bank for International Customer Service."  The awards were presented earlier this week in London. The PWM/The Banker Global Private Banking Awards reward excellence in wealth management among banks from the Americas, Europe, Asia, the Middle East and Africa, based on rigorous qualitative and quantitative criteria.

At the 2016 Private Banker International Global Wealth Awards, announced earlier this month, RBC won for "Outstanding Global Private Bank - North America" and was also a finalist for "Outstanding Wealth Manager - Customer Relationship Service and Engagement." The Private Banker International Global Wealth Awards recognize industry-leading wealth management firms, individuals and organizations that are setting new standards for the industry.

"These awards reflect our dedication to helping clients thrive and achieve their long-term financial goals," said Doug Guzman, group head, RBC Wealth Management & RBC Insurance. "As client expectations evolve, we are continually challenging ourselves to find more and better ways to add value as one of the world's most trusted and successful financial institutions."

RBC Wealth Management was also named in 2016, for a third consecutive year, as the fifth-largest wealth manager in the world by Scorpio Partnership's Global Private Banking KPI Benchmark 2016, an annual survey of the global wealth management industry. The firm was also recognized in 2016 for 17 awards by the Euromoney Private Banking and Wealth Management Survey, including "Best Private Banking Services Overall" in Canada for the ninth consecutive year.

About RBC Wealth Management 
RBC Wealth Management is one of the world's top five largest wealth managers*. RBC Wealth Management directly serves affluent, high net worth and ultra-high net worth clients globally with a full suite of banking, investment, trust and other wealth management solutions, from our key operational hubs in Canada, the United States, the British Isles, and Asia. 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$766 billion of assets under administration, more than C$559 billion of assets under management and 4,716 financial consultants, advisors, private bankers, and trust officers. For more information, please visit www.rbcwealthmanagement.com.

*Scorpio Partnership Global Private Banking KPI Benchmark 2016. In the United States, securities are offered through RBC Wealth Management, a division of RBC Capital Markets, LLC, a wholly owned subsidiary of Royal Bank of Canada. Member NYSE/FINRA/SIPC.

ABOUT RBC
Royal Bank of Canada is Canada's largest bank, and one of 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, insurance, investor services and capital markets products and services on a global basis. We have over 80,000 full- and part-time employees who serve more than 16 million personal, business, public sector and institutional clients through offices in Canada, the U.S. and 36 other countries. For more information, please visit rbc.com.‎

RBC helps communities prosper, supporting a broad range of community initiatives through donations, community investments, sponsorships and employee volunteer activities. In 2015, we contributed more than $121 million to causes around the world.

SOURCE RBC Wealth Management

Media contact: Jean François Thibault, [email protected], 416-955-6435