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.
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.