Profile: Royal Bank of Canada (RY)
24 Jun 2016
Royal Bank of Canada (RBC), incorporated on June 22, 1869, is a diversified financial services company. The Company provides personal and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global basis. The Company serves over 16 million personal, business and corporate clients across a diversified mix of businesses in 40 countries. The Company operates in five segments: Personal & Commercial Banking, Wealth Management, Insurance, Investor & Treasury Services and Capital Markets. The Company operates in three geographic segments: Canada, United States and Other International.
Personal & Commercial Banking
The Company's Personal & Commercial Banking comprises its personal and business banking operations, auto financing and retail investment businesses and operates through four business lines: Personal Financial Services, Business Financial Services and Cards and Payment Solutions (Canadian Banking), and Caribbean & United States Banking. In Canada, it provides a suite of financial products and services to its individual and business clients through its branch, automated teller machines, online and telephone banking networks, as well as through a number of sales professionals. In the Caribbean, it offers a range of financial products and services to individuals, business clients and public institutions in their respective markets. In the United States, the Company serves the cross-border banking needs of Canadian clients within the United States, as well as the banking needs of its United States wealth management clients.
Personal Financial Services focuses on meeting the needs of its individual Canadian clients at every stage of their lives through a range of financing and investment products and services, including home equity financing, personal lending, deposit accounts, Canadian private banking, indirect lending (including auto financing), mutual funds and self-directed brokerage accounts, and Guaranteed Investment Certificates (GICs). Business Financial Services offers a range of lending, leasing, deposit, investment, foreign exchange, cash management, auto dealer financing (floorplan), and trade products and services to small, medium-sized and commercial businesses and agriculture and agribusiness clients across Canada. Cards and Payment Solutions provide an array of convenient credit cards with loyalty and reward benefits, and payment products and solutions within Canada.
The Company's Caribbean banking business offers a suite of banking products and services, as well as international financing and trade promotion services through branch, automated teller machine, online and mobile banking networks. Its United States cross-border banking business serves the needs of its Canadian clients within the United States through online and mobile channels, and offers a range of financial products and services to individual and business clients across all 50 states. As well, it serves the banking product needs of its Unites States wealth management clients.
Wealth Management comprises Canadian Wealth Management, United States and International Wealth Management and Global Asset Management (GAM). Wealth Management serves individual and institutional clients in target markets around the world. From its offices in key financial centers mainly in Canada, the United States, the United Kingdom, Channel Islands, continental Europe and Asia, Wealth Management offers a suite of investment, trust, banking, credit and other wealth management solutions to high net worth (HNW), and ultra-high net worth (UHNW) clients. Its asset management group, Global Asset Management, which includes BlueBay Asset Management (BlueBay), is engaged in investment management services, providing investment strategies and fund solutions directly to institutional investors and also to individual clients through the Company's distribution channels and third-party distributors. Canadian Wealth Management includes its full-service Canadian wealth advisory business.
United States Wealth Management includes the Company's private client group, which is a full-service wealth advisory firm in the United States, with over 1,800 financial advisors. Additionally, its correspondent and advisor services businesses deliver clearing and execution services for small to mid-sized independent broker-dealers and registered investment advisor firms. Global Asset Management provides global investment management services and solutions for individual and institutional investors in Canada, the United States, the United Kingdom, Europe and emerging markets. The Company provides a range of investment management services through mutual, pooled and hedge funds, fee-based accounts and separately managed portfolios. It distributes its investment solutions through a network of bank branches, its self-directed and full-service wealth advisory businesses, independent third-party advisors and private bank, and directly to individual clients. It also provides investment solutions directly to institutional clients, including pension plans, endowments and foundations.
Insurance comprises the Company's operations in Canada and across the globe, and operates under two business lines: Canadian Insurance and International Insurance, providing a range of life, health, home, auto, travel, wealth and reinsurance products and solutions. In Canada, the Company offers its products and services through its distribution channels, comprising of the field sales force, which includes retail insurance branches, its field sales representatives, call centers and online, as well as through independent insurance advisors and affinity relationships. Outside Canada, the Company operates in reinsurance markets globally offering life, accident and annuity reinsurance products.
The Company offers life, health, property and casualty insurance products, as well as wealth accumulation solutions, to individual and group clients across Canada. Its life and health portfolio includes universal life, term life, critical illness, disability, long-term care insurance and group benefits. It offers a range of property and casualty products, including home, auto and travel insurance. Its travel products include out of province/country medical coverage, trip cancellation insurance and interruption insurance. International Insurance is primarily comprises its reinsurance businesses, which insure risks of other insurance and reinsurance companies. It offers life and health, accident and annuity reinsurance products.
Investor & Treasury Services
Investor & Treasury Services is a provider of asset servicing, custody, payments, treasury services and transaction banking for financial institutions and other institutional investors across the world. The Company delivers custodial, advisory, financing and other services to safeguard client assets, maximize liquidity and manage risk across multiple jurisdictions. It also provides short-term funding and liquidity management for RBC. It is a global custodian under administration with a network of 18 offices across North America, Europe, the Middle East and Asia-Pacific.
Capital Markets provides public and private companies, institutional investors, governments and central banks across the globe with a range of capital markets products and services across its two business lines: Corporate and Investment Banking and Global Markets. Its legacy portfolio is grouped under Other. In North America, it offers a suite of products and services, which include corporate and investment banking, equity and debt origination and distribution, and structuring and trading. Outside North America, it has a select presence in the United Kingdom and Europe, and Asia-Pacific, where it offers a diversified set of capabilities in its key sectors, such as energy, mining and infrastructure.
Corporate and Investment Banking comprises the Company's corporate lending, loan syndications, debt and equity origination, mergers and acquisition (M&A) advisory services, private equity, research, client securitization and the global credit businesses. Global Markets comprises its fixed income, foreign exchange, equity sales and trading, repos and secured financing and commodities businesses.
Royal Bank of Canada
Royal Bank Plaza, 200 Bay Street
TORONTO ON M5J 2J5