Royal Bank of Canada (RBC) has launched RBC Caribbean Financial Advisory Services (CFAS) to provide consulting advice to business and corporate clients across the region.
RBC CFAS will offer consultancy services in mergers and acquisitions, financial consulting, and debt and equity financing.
Two vice presidents will oversee the new business. Marc Jardine will look after Trinidad and Tobago, Barbados, and the Dutch Caribbean. Jerry Butler will be responsible for the Bahamas, Turks and Caicos islands, and the Cayman Islands.
“With the addition of CFAS, these clients now have access to a one-stop-shop for their financing and advisory needs,” said Darryl White, CEO, RBC Financial (Caribbean) Limited and regional vice president, corporate banking.
“This adds to our already-robust suite of financial solutions and is yet another way we can stand out from our competition. As one of the ten largest banks globally based on market capitalisation, RBC is uniquely positioned to leverage the talent and expertise of over 90,000 employees in 36 countries and territories to help businesses and organisations with a variety of critical services essential to their operations and continued growth.”
“We believe that this new business is a real opportunity for new and existing Caribbean clients to take full advantage of RBC’s reputation as a world-leader in comprehensive financial and advisory solutions,” added Joe Olivier, regional vice president, High Net Worth Clients, Caribbean.
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By GlobalData“As we expand our Corporate, Business, and Private Banking financial offerings to include this consultative business advice, it grants our clients access to a robust suite of solutions to help them grow, thrive, and prosper.”
Earlier in March, RBC selected software firm FactSet as the primary market data and technology provider for its entire wealth management organisation.
Under a multi-year agreement, FactSet will virtually deploy an array of web and digital solutions to more than 8,000 RBC wealth management professionals. The programme, slated to start early this year, will begin with those in Canada and the US.
The solutions that will be delivered include FactSet’s web-based workstation for wealth advisors and a suite of leading content sets.