Royal Bank of Canada Recognised as Top Trust
Provider in
UK
RBC and Abacus take #1 and #2 spots
London, February 20, 2006
Royal Bank of Canada (NYSE, TSX: RY) has been recognised
as one of the best providers of trust services in the UK,
according to the Euromoney annual global private banking
survey.
Abacus Financial Services Group, which was acquired by Royal Bank of
Canada on November 30, 2005, took the #1 spot, and Royal Bank of Canada
placed #2. As a result RBC Abacus has emerged as one of the clear leaders
for trust services in the UK.
The survey is one of the most respected in the industry with more than
20,000 industry specialists nominating those peers they believe to be
the best in their specialisations. Euromoney’s awards criteria
is defined as financial services targeted to wealthy clients and it is
considered the guide for high net worth individuals looking for the best
providers in each category.
“There is no greater accolade than receiving third-party endorsement
from industry peers,” said Paul Patterson, Regional Head of RBC
in the British Isles. “We are proud of our trust services and to
be publicly recognised at these prestigious awards is testament to the
high level of service and expertise we provide in all areas of wealth
management.”
“Now that Abacus is part of RBC, we are a truly global financial
institution with a combined strength in a full range of wealth management
solutions. This additional scope and strength can only enhance our reputation
for excellence, which has been recognised by this award,” said
Huw Bolle-Jones, head of Private Clients, Fiduciary Services, British
Isles, RBC Abacus, and former Group Chief Executive of Abacus Financial
Services Group.
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