Royal Bank opens new office for RBC Dominion Securities, private banking in Camana Bay

Royal Bank of Canada (RY on TSX and NYSE) (RBC) will open a new office in Grand Cayman’s Camana Bay community on Monday, January 13, 2020. The new location on Forum Lane will house the operations for RBC Dominion Securities along with a team from the bank’s Private Banking service.

“We are incredibly proud to be moving into the Camana Bay community,” said Andrew McCartney, Managing Director, RBC Dominion Securities. “As one of the region’s leading financial and commercial hubs, Camana Bay offers world class services and solutions for Cayman residents. RBC’s new office will add to those offerings while giving our clients a one-stop-shop for all their wealth management and private banking needs.”

RBC’s new office will add approximately 30 employees to the more than 2,500 who currently work in Camana Bay. This move will consolidate RBC Dominion Securities and private banking employees from across Cayman into one convenient location. In the coming weeks, RBC will also install an Automated Teller Machine in Camana Bay’s Town Centre to give all clients more access to banking services.

“RBC Royal Bank has a proud history in the Caribbean,” said Malynda Gibson-Nixon, Country Manager, Cayman Islands. “With over 55 years of service to this community, our new office is a sign of our continued investment in the Cayman Islands. We are confident in the strength of this market and we are excited for what the future holds here.”

For 50 years, RBC Dominion Securities has helped individuals, families, businesses, charitable foundations, and other organizations in the Cayman Islands build on, and preserve, their wealth through sound financial planning, trusted investment advice, and unparalleled wealth management solutions. Building on a 120-year history around the world, with over 400,000 clients globally, and more than $402 billion in assets under care, RBC Dominion Securities is one of the world’s leading full-service investment and wealth management firms.

RBC Royal Bank is the proud recipient of Global Finance magazine’s 2020 Best Private Bank (North America) Award. The publication also gave RBC its top accolades in the Caribbean, specifically, Best Private Bank, Best Private Bank for Entrepreneurs, and Best Private Bank for Families.

About RBC in the Caribbean

With more than 110 years of dedicated service to the region, RBC has a presence in 17 countries and territories, with 52 branches and over 3,200 employees serving more than one million clients. As one of the Caribbean’s leading diversified financial services companies, RBC provides personal and commercial banking, wealth management, corporate and investment banking, insurance and trust and asset management services to a wide range of clients, including individuals, small businesses, general commercial entities, regional and multi-national corporations and governments. For more information, please visit rbc.com/caribbean.

About RBC

Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 86,000+ employees who bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada’s biggest bank, and one of the largest in the world based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our 16 million clients in Canada, the U.S. and 34 other countries. Learn more at rbc.com.‎

We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at rbc.com/community-sustainability