RBC Wealth Management recognized for excellence in client service in 2013 Private Banker International Global Wealth Awards

TORONTO, Oct. 11, 2013 /CNW/ - RBC Wealth Management, part of Royal Bank of Canada (TSX: RY) (NYSE: RY), has been recognized as "Outstanding Wealth Manager - Customer Relationship Service and Engagement" in the 2013 Private Banker International Global Wealth Awards.  RBC Wealth Management earned the award for its ability to offer excellence and consistency in client experience globally through the strength of its people, solutions and global platform.

"RBC Wealth Management has always taken a 'client first' approach, with a commitment to providing a consistent, exceptional experience for our high net worth and ultra high net worth clients globally," said M. George Lewis, group head, RBC Wealth Management & Insurance. "We are extremely proud to be recognized for our ability to meet and exceed the needs of our clients, which is grounded on the strength of our global capabilities and the unparalleled quality and commitment of our people."

RBC Wealth Management was also recognized for its digital capabilities with the award for "Outstanding Private Bank - Digital Channels".

The Private Banker International Global Wealth Awards are regarded as one of the most prestigious in the industry, voted by the industry for the industry. They aim to recognize best-in-class institutions and provide objective benchmarks for the global private banking and wealth management business. The results are based on selections by Private Banker International's advisory board of independent wealth management specialists.

In July 2013, RBC Wealth Management was recognized for the third year in a row as the world's sixth largest global wealth manager by Scorpio Partnership's Global Private Banking Benchmark 2013, an annual survey of the global wealth industry.

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$615 billion of assets under administration, more than C$373 billion of assets under management and over 4,400 financial consultants, advisors, private bankers, and trust officers. For more information, please visit www.rbcwealthmanagement.com.

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, investor services and wholesale banking on a global basis. We employ approximately 80,000 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 44 other countries. For more information, please visit rbc.com.

*Scorpio Partnership Global Private Banking KPI Benchmark 2013. In the United States, securities are offered through RBC Wealth Management, a division of RBC Capital Markets, LLC, a wholly owned subsidiary of Royal Bank of Canada. Member NYSE/FINRA/SIPC.

SOURCE RBC