2020 Economic Outlook
Wealth Management
Strategic Priorities
■ Global Asset Management: Deliver investment performance and
extend leadership position in Canada, while continuing to build and
grow in the U.S. and other key global markets
■ Canadian Wealth Management: Continue to deepen client
relationships and deliver a differentiated client experience that is
increasingly digitally-enabled and supported by data-driven insights
■ U.S. Wealth Management: Leverage the combined strengths of
City National Bank, RBC Wealth Management and Capital Markets
to accelerate growth in the U.S.
■ International Wealth Management: In the British Isles, accelerate
organic market share growth to be a top-tier wealth manager,
providing solutions and insight to successful wealth creators. In
Asia, continue to drive growth in Asia's global families by
leveraging the global strengths and capabilities of RBC
Net Income ($ millions) (1)
Recent Awards
Outstanding Global Private Bank - North America
(Private Banker International Global Wealth Awards, 2019)
Best Private Bank in Canada
(PWM/The Banker Global Private Banking Awards, 2019)
Best Private Bank for Digitally Empowering Relationship
Managers, North America
(PWM Wealth Tech Awards, 2019)
Best Private Bank for Customer-Facing Digital Capabilities
(Family Wealth Report Awards, 2019)
Investment Team of the Year - U.K.
(STEP Private Client Awards, 2019)
Cash Earnings ($ millions) (2)
1,838
2,265
2,550
2,017
2,458
2,735
.. III..
597
623
646
665
2017
2018
2019
Q1/19
Q1/20
2017
2018
2019
Q1/19
Q1/20
(1) 2019 net income includes the gain on sale of the private debt business of Blue Bay ($134 million after-tax). (2) Cash earnings exclude the after-tax effect of amortization of intangibles. This is a non-GAAP measure. For more information see slide 46.
15 BUSINESS SEGMENTS
RBCView entire presentation