TORONTO, Jan. 18, 2018 /CNW/ - Royal Bank of Canada (RY on TSX and NYSE) (RBC) has been
named 'Best Trade Finance Provider in Canada' for the sixth consecutive year by
Global Finance magazine. The award demonstrates the
cross-platform collaboration of the Trade Finance team and its
continued commitment to providing clients with the technology,
services and skills to support their international trade finance
requirements.
The award winners were selected by the Global Finance
editorial review board based on input from industry analysts,
corporate executives and technology experts. Criteria for selecting
winners included: transaction volume, scope of global coverage,
customer service, competitive pricing, and innovative
technologies.
RBC's Trade Finance team draws on the global expertise of
professionals across RBC who possess a rich understanding of global
and domestic markets and collaborate to serve each client,
facilitating their global growth objectives while managing
risk.
"At RBC, we recognize that global trade is a key priority not
only for our clients, but also for Canada's future economic prosperity," said
Greg Grice, Executive
Vice-President, Business Financial Services, Personal &
Commercial Banking. "Our clients are looking for new ways to grow,
and global trade is one of the fastest and most effective ways for
them to achieve that growth. As one of the world's largest
financial institutions, we have the expertise, network and
relationships to help clients navigate the global markets with
confidence. We're honoured to receive this prestigious award for
the sixth year in a row. It's a testament to our ongoing efforts to
provide our clients with the important advice and solutions they
need to access the global market."
"We greatly appreciate the trust and confidence placed in us by
our clients to help them achieve their objectives. RBC's technical
expertise, robust infrastructure, coupled with our client-centric
approach and foreign market knowledge make us the bank of choice
for the Canadian dollar needs of our global bank partners," said
James Rausch, Global Head of
Transaction Banking - Banks, Brokers & Exchanges, RBC Investor
& Treasury Services. "We are committed to working seamlessly
across RBC's businesses to build and deliver tailored solutions and
applications that effectively serve our clients' needs."
About RBC Investor & Treasury Services
RBC
Investor & Treasury Services (RBC I&TS) is a specialist
provider of asset services, custody, payments and treasury services
for financial and other institutional investors worldwide. We serve
clients from 16 countries across North
America, Europe,
Asia and Australia, delivering services to safeguard
client assets and maximize liquidity. As a strong, stable partner,
focused on meeting our clients' evolving needs, RBC I&TS has an
unwavering commitment to managing operational risk in our business
and the highest credit ratings among our peers. Rated by our
clients as the #1 global custodian for seven consecutive years, RBC
I&TS is trusted with CAD 4.3
trillion in client assets under administration as at
October 31, 2017.
About RBC
Royal Bank of Canada is a global financial institution with
a purpose-driven, principles-led approach to delivering leading
performance. Our success comes from the 80,000 employees who bring
our vision, values and strategy to life so we can help our clients
thrive and communities prosper. As Canada's biggest bank, and one of the largest
in the world based on market capitalization, we have a diversified
business model with a focus on innovation and providing exceptional
experiences to our 16 million clients in Canada, the U.S. and 35 other countries. For
more information, please visit rbc.com.
We are proud to support a broad range of community initiatives
through donations, community investments and employee volunteer
activities. See how at rbc.com/community-sustainability/.
SOURCE RBC Investor & Treasury Services