RBC plans for growth as hits City century

Posted On Sep 4 2021 by

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search Adsautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy Fan whatsapp Tags: NULL KCS-content Share Show Comments ▼center_img RBC plans for growth as hits City century Wednesday 8 September 2010 7:47 pm ROYAL BANK OF CANADA (RBC) is looking to expand its wealth management and investment banking arms as it celebrates its 100th anniversary in the City of London.RBC, Canada’s largest company by revenue, is hiring bankers to push its private client business in the Middle East and Eastern Europe. It also plans to bolster its investment bank by bringing in more staff for equity capital markets, fixed income and currency trading in Europe and Asia.Pauline Egan, London head of RBC Wealth Management, said: “Four years ago our wealth management business employed 70 people and today we have almost 180. What we think stands out is the strength and stability of our name. We are a secure bank and we have come through the financial crisis in good shape.”Egan’s comments came as senior RBC figures raised a glass to a century in the Square Mile. The institution, founded in Nova Scotia in 1864, opened its first UK office on Princes Street in September 1910 with four employees. The group now has around 1,400 staff in the City in total.RBC, which manages C$240bn (£146.9bn) of client assets globally, has hired 1,100 people around the world in the past 12 months.Despite a tightening regulatory environment and the impending annual levy on banks’ balance sheets, chief executive John Burbidge used the opportunity to affirm the organisation’s enthusiasm for the UK. He said: “RBC remains committed to London and to growing our franchise across Europe and Asia, where we see significant opportunities.”FAST FACTS | royal bank of CanadaThe lender began as the?Merchants Bank, financing the fishing and timber industries of Halifax, Nova Scotia, in the 1860s.Between 1995 and 2001, then-boss John Cleghorn turned RBC into a multi-services bank. Read This NextNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof whatsapplast_img read more