Canadian bank RBC has opened an international
investment advisory and full-service securities brokerage office in
Barbados as part of the bank’s wealth management division.
The new business allows the Barbados office to
offer RBC’s full suite of wealth management solutions to its
clients, and adds to the growth of the firm’s investment platform
across the Caribbean.
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RBC Wealth Management Americas head Michael
Moodie said the enhancement of its Barbados operations matches
RBC’s core strategy of expanding internationally in select
markets.
The firm provides a number of wealth
management services to clients in Barbados, including trust and
fiduciary, discretionary investment management, corporate services
and credit solutions.
RBC’s wealth management office in Barbados
will also serve as a hub office to markets in the southeast
Caribbean, Central America, Venezuela and Colombia.
RBC’s wealth management service has more than
35,000 high net worth clients.
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