Royal Bank of Canada (RY on TSX and NYSE) (“RBC”) today announced the launch of RBC Caribbean Financial Advisory Services (“CFAS”) – a new business line offering expert financial consulting advice to business clients and corporate clients across the Caribbean.
CFAS will offer consultancy services in mergers and acquisitions, financial consulting, and debt and equity financing. These services are designed to meet the needs of Corporate Banking, Business Banking, and Private Banking clients, in addition to governments and public agencies throughout the region.
“With the addition of CFAS, these clients now have access to a one-stop-shop for their financing and advisory needs,” said Darryl White, CEO, RBC Financial (Caribbean) Limited and Regional Vice President, Corporate Banking. “This adds to our already-robust suite of financial solutions and is yet another way we can stand out from our competition. As one of the ten largest banks globally based on market capitalization, RBC is uniquely positioned to leverage the talent and expertise of over 90,000 employees in 36 countries and territories to help businesses and organizations with a variety of critical services essential to their operations and continued growth.”
Two Vice Presidents will oversee RBC’s new CFAS business in the region. Marc Jardine will be responsible for the Southern Caribbean (Trinidad and Tobago, Barbados, and the Dutch Caribbean) and Jerry Butler will be responsible for the Northern Caribbean (The Bahamas, Turks and Caicos Islands, and The Cayman Islands). Jardine is a seasoned corporate banking executive, having held several senior roles in Corporate Finance, Risk Management, Origination, and Financial Analysis. Butler’s professional experience in public accounting, wealth management, and financial services spans more than 30 years across a variety of roles based in New York, Europe, and the Caribbean.
"We believe that this new business is a real opportunity for new and existing Caribbean clients to take full advantage of RBC’s reputation as a world-leader in comprehensive financial and advisory solutions," said Joe Olivier, Regional Vice President, High Net Worth Clients, Caribbean. "As we expand our Corporate, Business, and Private Banking financial offerings to include this consultative business advice, it grants our clients access to a robust suite of solutions to help them grow, thrive, and prosper."
RBC was named as Global Finance Magazine’s Best Private Bank in the Caribbean, along with Best Private Bank for Families and Best Private Bank for Entrepreneurs. The bank was also named Latin American and Caribbean Retail Bank of the Year by Retail Banker International.