RBC has opened an international investment advisory and full-service securities brokerage office in Barbados as part of the bank’s wealth management division.
The new business allows the Barbados office to offer RBC’s full suite of wealth management solutions to its clients and adds to the growth of the firm’s investment platform across the Caribbean.
“This marks a terrific accomplishment for RBC as we continue to expand in the Americas region, and reinforces our commitment to our Caribbean platform,” says Michael Moodie, head of Americas region, RBC Wealth Management, International. “The enhancement of our Barbados operations aligns with RBC Wealth Management’s core strategy of expanding internationally in select markets and continuing to build out and add scale to our hub offices internationally. 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 now have one of the largest 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.
Barbados’ proximity to the southeast Caribbean, Central America, Venezuela and Colombia markets adds to its appeal as a hub office for RBC Wealth Management.