RBC Wealth Management’s investment in the RBCs Wealth Management unit is worth an estimated $100 million, according to a company statement.
The investment will help RBC build out a wealth management team that will include executives and investors who have a focus on investment strategy, market research, capital markets and strategic investments.
The team will also be led by a global board of directors.
RBC’s wealth management arm has been focused on improving wealth management capabilities for clients for more than a decade, as the bank’s portfolio has grown over the past decade.
In 2018, the bank acquired assets including its financial services arm and asset management arm, which collectively owned about $300 billion.
The company’s chief executive officer, James Sullenberger, will lead the Rbc Wealth Management team.
The move will enable RBC to accelerate the expansion of its wealth management portfolio, which includes a wealth manager in Australia and a wealth portfolio in the United Kingdom.
Rbc will also expand its global wealth portfolio by building out its portfolio of global investment products, as well as its international wealth management products, which include assets and funds in the U.K. and the U.”
The RBC Global Wealth Management portfolio is a key asset for the company, and a key component of RBC Vision 2020.
RBA’s vision is to increase RBC and its clients’ wealth while maintaining a low risk profile.
RBS Wealth Management and RBC will share a wealth managing team with each other, but the team will be different in terms of mission, capabilities and management.
RSB Wealth Management is also looking to increase its wealth portfolio and work with other financial institutions, while RBC plans to focus on its core asset, the wealth portfolio.
The RBC Investment team is comprised of some of the best and brightest global wealth managers in the world, who will work closely together to achieve our vision for the world to be a better place.
RIB has also been investing heavily in the wealth management market, recently announcing $5 billion in new investments to expand its wealth and wealth management services.
In addition, the company will be focusing on investing in emerging markets in 2019.