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RBC's five business segments are:
Canadian
Banking
Wealth
Management
International
Banking
Capital
Markets
Insurance
Canadian Banking
Canadian Banking provides personal and business financial
services in Canada. Through our leading national distribution
network and the most valuable brand in Canada, we reach approximately
10 million clients through our extensive branch and ATM network,
proprietary and specialized sales forces, online channels
and contact centres. This segment is headed by Dave
McKay.
Wealth Management
Wealth Management businesses serve affluent and high net
worth clients around the world and provide asset management
and estate and trust services directly to clients and through
internal partners and third-party distributors. This segment
comprises Canadian Wealth Management, U.S. & International
Wealth Management and Global Asset Management. We are a market
leader in Canadian wealth and asset management, and we have
strong and growing businesses in the U.S. and internationally.
With more than 4,000 financial consultants, advisors, private
bankers and trust officers in 24 countries, we help clients
grow, protect and transfer their wealth. This segment is headed
by George
Lewis.
International Banking
International Banking comprises our banking businesses in
the U.S. and Caribbean, and global custody and investor services,
which we provide through our 50% ownership in RBC Dexia Investor
Services. This segment is headed by Jim
Westlake.
Capital Markets
Our diverse Capital Markets businesses provide corporate,
government, and institutional advice, capital, and access
to the worlds financial markets and innovative products
to help them achieve their growth objectives. By leveraging
our leadership position in Canada, we have built a strong
and growing U.S. mid-market capital markets franchise. Outside
North America, we have established ourselves as a leading
provider of global financial services and are recognized as
a top 15 global investment bank. Notable areas of strength
include global fixed income distribution capabilities, structuring
and trading, and foreign exchange. In addition, we continue
to build our global capabilities in energy, mining and infrastructure
finance. This segment is headed by Doug
McGregor and Mark
Standish.
Insurance
We provide Canadians with improved access to insurance choices
through a wide range of insurance solutions including life,
health, travel, home, auto, and creditor insurance services
to individual and business clients. These products are distributed
through third-party channels including independent life insurance
advisors and travel agents as well as through our growing
proprietary channels such as retail insurance branches, bank
branches, call centres, online, and our career sales force.
In the U.S., we offer life insurance, annuity products and
travel insurance. Outside North America, we operate a specialty
reinsurance business. This segment is headed by Jim
Westlake.
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