27 July 2012 – RBC Wealth Management has continued its recent award success by being named the Best Private Bank in the Channel Islands at the 2012 World Finance Banking Awards.

World Finance’s judging panel used a wide range of criteria to decide the recipients of the 2012 awards. These included assessing each firm’s performance, the variety and clarity of products and services, and the competitiveness of their strategy moving forward. World Finance is a specialist financial services magazine and website read by decision-makers worldwide.

This is the latest in a series of accolades that RBC Wealth Management’s Channel Islands-based business has received in the last year, including multiple recognition in the 2012 Euromoney Private Banking Awards, as well as from Private Client Practitioner, STEP (the Society of Trust and Estate Professionals) and Citywealth.

Chris Blampied, Managing Director, Royal Bank of Canada (Channel Islands) Limited, commented: “Gaining recognition in this competitive category is testament to our reputation for strength and stability, a desire to continuously enhance the quality and breadth of our client offering, and an emphasis on employing and retaining the best people.

“The Channel Islands boast an advanced financial system and rigorous regulatory framework that has helped position them as international finance centres of choice, and we are immensely proud of the contribution that our company and its employees continue to make, both in serving clients as well as to the communities in Jersey and Guersey as a whole.”

RBC Wealth Management has a long standing history in the Channel Islands. It is celebrating 50 years in Jersey this year, and next year will mark 40 years serving clients in Guernsey.

For more information, please contact:
Paul French, Communications, RBC Wealth Management, +44 (0)20 7002 2013
Timi Oni, Communications, RBC Wealth Management +44 (0)207 653 4516

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$560 billion of assets under administration, more than C$322 billion of assets under management and approximately 4,300 financial consultants, advisors, private bankers and trust officers.

About RBC
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 transaction processing services on a global basis. We employ approximately 74,000 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.