Bosses at a Cayman Islands firm are celebrating after being recognized by a magazine for providing the best banking services in the Caribbean region. RBC Wealth Management won a host of awards in the latest Euromoney Private Banking and Wealth Management Survey.
RBC Wealth Management has been rated as the best private banking services provider in the Cayman Islands, as well as in the Caribbean region, by a global banking publication.
The company, based on Shedden Road, received the Euromoney magazine award for ‘Best Private Banking Services Overall’ in the Cayman Islands for the second year in a row.
RBC Wealth Management also won the number one ranking in Cayman in eight different categories, including ‘range of advisory services’, ‘equity portfolio management’, ‘commodities investing’ and ‘trust services’.
The firm was also recognised as providing ‘Best Private Banking Services Overall’ in the Caribbean.
The company said in a press release: “This is the fourth year in a row that RBC Wealth Management – which serves high net worth and ultra high net worth clients in the Cayman Islands, Bahamas and Barbados – has come top in the region. It also ranked first among its peers in ‘Bespoke Wealth Management’ and in providing high net worth services for individuals with $10m-30m in investable assets.”
Deanna Price, Head of Caribbean, RBC Wealth Management, based in George Town, said, “Over the past year, our team in the Cayman Islands has worked extremely hard to deliver client service of the highest standard right across the range of solutions. It is very encouraging to have the industry acknowledge and reward our efforts, and we look forward to building on this success over the coming years.”
In addition to the success in the Caribbean, RBC Wealth Management was also recognised as having the ‘Best Private Banking Services Overall’ in Canada for the sixth consecutive year.
“As the sixth largest wealth manager in the world, we aim to bring the scope of our global solutions and excellence in advice to each of our clients,” said George Lewis, Group Head, RBC Wealth Management & RBC Insurance. “The fact that we are repeatedly identified as leaders amongst our peers is a strong testament to the commitment and expertise of our people around the world.”
RBC Wealth Management provides offshore banking and wealth management services to Cayman residents and international clients.