RBC Wealth Management, located at Lyford Cay, has been recognised as the best provider of private banking services in the Caribbean, according to Euromoney, a global banking publication.
This is the fourth consecutive year that RBC Wealth Management, which serves high net worth and ultra high net worth clients in the Bahamas, the Cayman Islands and Barbado, has been recognised as top in the region overall.
It was also ranked as the best among its peers in the region for ‘Bespoke Wealth Management’, and for providing high net worth services for individuals with $10 million to $30 million in investable assets.
Published since 2004, the Euromoney Private Banking and Wealth Management Survey is regarded as one of the leading rankings for the global wealth management industry. The survey results are based primarily on a peer ranking methodology.
Deanna Price, head of RBC Wealth Management for the Caribbean, said: “Over the past year, our team in the Bahamas 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 Caribbean awards, RBC Wealth Management was also recognized as having the ‘Best Private Banking Services Overall’ in Canada for the sixth consecutive year.