RBC Wealth Management - which serves high net worth and ultra high net worth clients in The Bahamas, the Cayman Islands and Barbados - has been ranked top in the region overall by Euromoney. RBC’s regional wealth management arm also was identified as the best among its peers in the region in categories such as relationship management, equity portfolio management and fixed income portfolio management.
The Euromoney Private Banking and Wealth Management Survey was first published in 2004, and has come to be regarded as one of the leading benchmarks for the global wealth management industry. Survey results are based primarily on a peer ranking methodology.
RBC Wealth Management has been rated as the sixth largest wealth manager in the world and in recent months has made a number of senior hires, including the appointment of Jeremy Proffitt as a wealth manager based in Nassau. Deanna Bidwell, head of RBC Wealth Management's Caribbean operations, said: "This reflects the hard work that our Caribbean teams put in day-in, day-out to better serve our clients. We really value this recognition of our performance by our peers in the industry, and look forward to building on this success, in particular following a number of strategic hires that we have made in the last year."