RBC Wealth Management has been recognised as the best administrator with less than $30 billion of Assets Under Management for funds of hedge funds by the 2010 HFMWeek European Hedge Fund Services Awards.

Alan Brint, Head of RBC Wealth Management’s Corporate & Institutional business in the British Isles, said, “We are extremely pleased to be recognized by HFMWeek. We are conscious that corporate clients want to partner with us because of our strong and stable balance sheet, our focus on accurate and timely output and our emphasis on working closely with our clients to ensure their needs are met.”

Alexander Ward, Managing Director, RBC Offshore Fund Managers Limited, collected the award from the Rt Hon Charles Kennedy, MP at the awards ceremony in London. Mr Ward said, "This is worthy recognition for our employees, who, through team work and attention to detail, have provided our clients with a first class service."

HFMWeek added: “Through a consultative and collaborative approach, RBC Wealth Management has differentiated itself from the competition. The bank’s enduring focus on overall relationships rather than specific transactions has helped sustain its standing during a period of change.”

RBC’s Corporate & Institutional division offers financial accounting, NAV calculation, registrar and transfer agency, shareholder servicing, compliance and corporate secretarial services. It also provides funds with an integrated service comprising trustee, corporate trustee, global custody, banking, foreign exchange and credit facilities. It has FOHF-related AUA of approximately $22 billion.

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Media Enquiries:
Image, Jersey: Kirsten Morel, telephone: +44 (0)1534 734444
RBC Wealth Management, London: Sanam Alaghband, telephone: +44 (0)20 7002 2013

About RBC Wealth Management
The international arm of RBC Wealth Management services over 35,000 high net worth individuals and institutions through more than 30 offices in the British Isles, Continental Europe, Asia, the Middle East, the Caribbean, Latin America and North America. RBC Wealth Management provides integrated and diversified international wealth management expertise and solutions, asset management and trust services to high net worth individuals and to corporate and institutional clients. Services provided by RBC Wealth Management consultants, advisors, private bankers and trust officers include trust and estate planning, tax advice, discretionary investment management and investment advisory services, structured solutions, banking, lending and global custody. For more information, please visit www.rbcwminternational.com.

RBC Wealth Management, a segment of RBC, directly serves affluent and high net worth clients in Canada, the United States, Latin America, Europe and Asia with a full suite of investment, trust and other wealth management solutions. The business also provides asset management products and services directly, through its RBC Global Asset Management division, and through RBC and third-party distributors to institutional and individual clients. RBC Wealth Management has more than C$500 billion of assets under administration, over C$245 billion of assets under management and more than 4,500 financial consultants, advisors, private bankers and trust officers. RBC Wealth Management was recognized as the Best North American based Wealth Manager by Private Banker International in October 2009.

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, one of North America’s leading diversified financial services companies and among the largest banks in the world, based on market capitalization. We are one of North America’s leading diversified financial service companies, provide personal and commercial banking, wealth management services, insurance, corporate and investment banking and transaction processing services on a global basis. We employ approximately 77,000 full- and part-time employees who serve more than 18 million personal, business, public sector and institutional clients through offices in Canada, the U.S. and 53 other countries. For more information, please visit www.rbc.com.