Royal Bank of Canada snaps up Coutts

Commenting on the planned acquisition, George Lewis, group head, RBC Wealth Management said the business "represents an excellent opportunity to increase our market share with high net worth and ultra high net worth clients in key high growth markets while delivering very attractive returns." The business to be acquired includes clients who reside in Latin America, the Caribbean and Africa, as well as key private banking staff based primarily in Geneva, Switzerland and also includes a team in the Cayman Islands. "Our Geneva-based business has built a reputation for serving the often ...