RBC Climbs to Sixth Largest Global Wealth Manager

TORONTO AND LONDON, July 13, 2011 /CNW/ – RBC Wealth Management, part of Royal Bank of Canada (TSX: RY) and (NYSE: RY), today announced that it has again been recognized as one of the world’s top 10 largest wealth managers in an annual survey of the global wealth industry by Scorpio Partnership, a specialist consultancy.

RBC Wealth Management placed sixth in the Scorpio Partnership Global Private Banking KPI Benchmark 2011, up from seventh last year. Assets under management considered by Scorpio Partnership in its review process were US$435 billion, up 15 per cent from the previous year.