The Tribune

Royal Bank of Canada (RBC) has moved closer to its high net worth clients by opening an office at Albany to serve such customers.

The location, at the Albany Financial Centre, is also home to RBC Dominion Securities and RBC Capital Markets. RBC said in a statement that while this new office will be focused largely on its private banking business, it will also serve business banking clients and international business clients.

“We are incredibly proud to be moving into the Albany community,” said Dwight Burrows, RBC's regional vice-president and head of private banking for the Caribbean. “As one of the region’s most exclusive financial and commercial hubs, Albany offers world-class services and solutions for its residents.

"RBC’s new private banking office will add to those offerings while giving our clients a convenient one-stop-shop for all their wealth management and private banking needs. We draw on the talent, expertise and best practices of more than 86,000 employees in 36 countries and territories to provide our private banking clients with world class wealth management, credit planning and banking services."

RBC said Global Finance magazine recently named it as the Caribbean’s best private bank; best private bank for families; and best private bank for entrepreneurs. It added that Retail Banker International recognised RBC as the Latin American and the Caribbean retail bank of the year, and as North American retail bank of the year.

“RBC has a proud history in the Caribbean,” said Joe Olivier, RBC's regional vice-president of high net worth clients for the Caribbean. “With over 112 years of service to this community, our new office is a sign of our continued investment in The Bahamas. We are confident in the strength of this market, and we are excited for what the future holds here.”