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RBC Wealth Management (RY) : Company Profile and SWOT Analysis

VIEWS: 25 PAGES: 21

									RBC Wealth Management

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RBC Wealth Management                                                            Key Employees
                                                                                 Name                       Job Title
Fast Facts
                                       Royal Bank Plaza, South Tower, Toronto,   Andrew Turczyniak          Head - RBC Wealth, Asia
Headquarters Address
                                       M5J 2J5, Canada
                                                                                                            Head - RBC Wealth
Telephone                              + 1 416 974 9419                          Barend Janssens            Management, Emerging
                                                                                                            Markets
Fax                                    + 1 416 974 6102                                                     Head - RBC Wealth
                                                                                 David Agnew
                                                                                                            Management – Canada
Website                                www.rbcwminternational.com                                           None - Co-Head -
                                                                                 David Foster               Caribbean Business,
                                       RY (New York Stock Exchange)RY (Swiss                                Cayman
Ticker Symbol, Stock Exchange
                                       Exchange)RY (Toronto Stock Exchange)                                 Head - RBC Wealth
                                                                                 Deanna Bidwell
Number of Employees                    4,500                                                                Management, Caribbean
                                                                                                            None - Deputy
Fiscal Year End                        October
                                                                                 Gay Mitchell               Chairperson - RBC Wealth
                                                                                                            Management
                                                                                                            Head - RBC Global Asset
Revenue (in US$ million)               4,570.00                                  John S. Montalbano
                                                                                                            Management
                                                                                                            Chief Executive Officer -
                                                                                 John Taft                  RBC Wealth Management
                                                                                                            – US
                                                                                                            Head - Wealth
                                                                                 M. George Lewis
                                                                                                            Management, RBC Group
SWOT Analysis
                                                                                 Martin Heale               Head - UK Operations
Strengths                              Weaknesses

Broad range of service offerings       Fee-based business model
                                                                                 Company Overview

                                       Weak performance in the US and            RBC Wealth management is the private banking
Strong geographical presence
                                       International Wealth Management
                                                                                 and wealth management arm of Royal Bank of
Strong market position                                                           Canada. RBC Wealth Management provides a
                                                                                 range of private banking, investment, trust and
                                                                                 other wealth management solutions for high-net-
Strong operational performance
                                                                                 worth individuals (HNWIs have a net worth of
                                                                                 US$1 million or more, excluding their primary
Opportunities                          Threats                                   residence), wealthy families, and corporate and
Growth potential of Sharia compliant                                             institutional clients. In addition, the company has
wealth management services
                                       Competition                               close ties with RBC‟s asset management
                                                                                 division and provides asset management
Increase in the number of HNWIs
                                       Exposure to the European debt crisis      products and services directly to institutional and
globally
                                                                                 individual clients as well as through Royal Bank
                                       Foreign Account Tax Compliance Act        of Canada, RBC‟s Global Asset Management
Launch of offshore advisory service
                                       (FATCA)
                                                                                 division, BlueBay Asset Management, and third-
Recent US crackdown on Swiss banks                                               party distributors.

Strategic acquisitions                                                           Key Competitors
                                                                                 Bank of America Merrill Lynch (Ticker: BAC)

                                                                                 Barclays Wealth (Ticker: BARC)

                                                                                 BMO Private Client Group

                                                                                 CIBC Private Wealth Management

                                                                                 Citigroup Private Bank




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RBC Wealth Management - SWOT Profile                                                                                    Page 1
RBC Wealth Management

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TABLE OF CONTENTS

1     Business Analysis .............................................................................................................................. 4
    1.1      Company Overview ......................................................................................................................................... 4
    1.2      Business Description ....................................................................................................................................... 5
    1.3      Major Products and Services ........................................................................................................................... 8
2     Mergers & Acquisitions and Partnerships .......................................................................................... 9
    2.1      M&A and Partnerships Strategy ....................................................................................................................... 9
3     Recent Developments ....................................................................................................................... 10
4     SWOT Analysis ................................................................................................................................. 12
    4.1      SWOT Analysis - Overview ............................................................................................................................ 12
    4.2      Strengths ....................................................................................................................................................... 12
    4.3      Weaknesses .................................................................................................................................................. 13
    4.4      Opportunities ................................................................................................................................................. 13
    4.5      Threats .......................................................................................................................................................... 14
5     Company Statement.......................................................................................................................... 15
6     History ............................................................................................................................................... 16
7     Key Employees ................................................................................................................................. 17
8     Key Employee Biographies ............................................................................................................... 18
9     Locations and Subsidiaries .............................................................................................................. 19
    9.1      Head Office .........................
								
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