RBC Wealth Management named ‘Private Bank of the Year’ by Spear's Magazine

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Announced at a ceremony in London last night attended by over 700 high net worth individuals, entrepreneurs, philanthropists, wealth managers and society figures, RBC Wealth Management was chosen by a judging panel from a shortlist nominated by Spear’s readers.

Commenting on RBC Wealth Management’s success, the Spear’s judging panel said: “A stable bank which has come up as a solid contender over the past few years, building a strong reputation and a forward-thinking approach towards wealth management. Clearly something is going right for Canada these days as we now even have a Canadian at the Bank of England.”

This is the latest addition to a growing list of accolades for RBC Wealth Management’s London-based private banking business. Other notable success this year has included ‘Best UK Private Bank – International Client Team’ at the Wealthbriefing Awards and ‘Private Bank of the Year – Wealth Managers’ at the Citywealth Magic Circle Awards.

The Spear’s Wealth Management Awards celebrate high net worth individuals and wealth managers’ successes, innovations and acumen. Spear’s is a wealth management and luxury lifestyle magazine and website, which is read by the high and ultra high net worth individuals and the financial services community, including bankers, lawyers and family offices who advise the wealthy.

Stuart Rutledge, CEO, British Isles and Caribbean, RBC Wealth Management, commented: “The fact that this award comes as a result of nominations from Spear’s high net worth readership and our peers in the wealth management industry is very gratifying. It underlines the quality of our private banking offering in London and the regard in which we are held by clients and competitors alike.”