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Royal Bank of Canada Global Private Banking expands in Montreal
Montreal-based team provides sophisticated investment solutions
for international high-net-worth clients
TORONTO, May 3, 2006 — Royal Bank of Canada Global
Private Banking announced the expansion of its internationally-focused
team in Montreal. The group of 16 financial professionals will
provide customized financial services for high-net-worth individuals
and select institutions with international interests.
The introduction of a Global Private Banking team in Montreal
meets the growing demand from internationally-based clients
with family or business interests in Canada, or those who are
drawn to Canada as a safe, secure and well-regulated financial
jurisdiction.
"We are responding to our client needs by leveraging our roots
in Montreal," said Michael Lagopoulos, president & CEO,
Global Private Banking. "We have provided domestic financial
services here for more than a century. Now, with a growing
number of our clients based in Europe, the Middle East, Asia
and South America, we face a demand for greater access to our
services through Montreal. Establishing an internationally
focused team reflects the diversity and international sophistication
of our client base in this city."
Royal Bank of Canada Global Private Banking has been increasing
its presence in Canada over the past year with the expansion
of its international centres in Vancouver and Toronto. Around
the world, Global Private Banking has 30 offices in 21 countries.
The Montreal international centre is managed by Scott MacKenzie,
vice-president and branch manager. Originally from Montreal,
Mr. MacKenzie has lived in Toronto and New York and has 15
years of experience in foreign exchange, equities, insurance,
commercial banking and research. Mr. MacKenzie oversees a team
of 15 investment professionals, which provides expertise in
international trusts, wealth management solutions (including
full-service brokerage), structured products, banking and credit
facilities and facilitating international structures for corporate
clients.
"This is the next step in our growth strategy," said Antonio
Vianna, vice-president & director, International Advisory,
Global Private Banking. "Our commitment is to expand our presence
in select markets where our history and brand are strong. We
continue to seek and identify top professionals in these markets
who embrace our values, speak the languages of our clients,
and have a deep understanding and respect for the culture of
the regions in which we operate."
About Royal Bank of Canada Global Private
Banking
Global Private Banking is Royal Bank of Canada's international
wealth management operation, including private banking, trust
services, discretionary investment management, global custody
and international full-service brokerage. Global Private Banking
locations are selected for the flexibility and security they
provide our clients and for the integrity of their financial
and regulatory systems. With a network of 30 offices in over
21 key financial centers around the world, Global Private Banking
provides international financial services for private and select
institutional clients resident in more than 150 countries.
For more information, please visit www.rbcprivatebanking.com/montreal.html.
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