The Barbados office is part of the Canadian bank’s strategy to grow its investment platform across the Caribbean and will offer RBC’s full suite of wealth management solutions.
Michael Moodie, head of Americas Region, RBC Wealth Management International, said this marked the group’s continued expansion in the Americas region, and reinforced the its commitment to its Caribbean platform.
He said it aligned with RBC Wealth Management’s strategy of expanding internationally in select markets: “We continually look for opportunities to grow in specific geographies where our history and brand are strong and where we can meet the needs of our clients.”
RBC, which has had a presence in Barbados for nearly a century, will have one of the largest and most complete investment platforms in the country. 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.
The group said the jurisdiction was attractive to both high net worth and institutional clients and was committed to maintaining its high standing as a well-regulated, responsible international financial centre.
Barbados’s proximity to the south-east Caribbean, Central America, Venezuela and Colombia markets also added to its appeal as a hub office for RBC Wealth Management.
