RBC has announced the opening of 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,” said 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.”

“As a jurisdiction, Barbados continues to be attractive to both high net worth and institutional clients and is committed to maintaining its high standing as a well-regulated, responsible international financial centre through its transparent and sophisticated legal and regulatory standards and regulations,” said Gordon Anderson, Managing Director of RBC Wealth Management, Caribbean. “Our history and knowledge of the Barbados market put us in a unique position to provide integrated wealth management and customized financial advice to our clients.”

Barbados’ proximity to the southeast Caribbean, Central America, Venezuela and Colombia markets also adds to its appeal as a hub office for RBC Wealth Management, and will benefit the firm’s ability to service clients in those markets.