Channel Eye
Jersey Business
  • Home
  • Business
    • Appointments
    • Data Protection
    • Digital & Technology
    • Environment
    • Features
    • Finance
    • Interviews & Profiles
    • Leadership
    • Legal & Professional Services
    • People
    • Property
    • Retail & Hospitality
    • Transport
    • Wellbeing
  • Lifestyle
    • Arts & Culture
    • Charity & Community
    • Food & Drink
    • Health
    • Home
    • Music
    • Leisure
    • Travel
  • Events
    • Events in Jersey
    • Events in Guernsey
    • Events in Alderney
    • Events in Isle of Man
    • Virtual events
    • All events
    • Past Events
  • Directory
  • Location
    • Jersey
    • Guernsey
    • Alderney
    • Isle of Man
  • Subscribe to our Newsletter
No Result
View All Result
Channel Eye
No Result
View All Result
Jersey Business
Home Business Finance

RBC Wealth Management announces closure of Guernsey office

January 10, 2023
in Business, Finance, Guernsey, Jersey
RBC logo
Share on LinkedInTwitterFacebookEmail

RBC Wealth Management has announced the closure of its office in Guernsey following a review of its business.

In the future, all relevant activity will be centralised, predominantly in Jersey and other centres. The firm expects the full closure, and transition of client business and business operations to take up to two years to complete, with some activities moving sooner.

The impact of the closure on individuals will be determined by their role. RBC said it is committed to ensuring that employees are kept well-informed and treated fairly and respectfully as the firm closes its activity.

RBC has explained that it remains committed to its operations in Jersey and across Europe in its strong Capital Markets, Global Asset Management and Wealth Management businesses in the region, as demonstrated by its recent acquisition of Brewin Dolphin.

Guernsey Finance’s Chief Executive, Rupert Pleasant said: “We acknowledge the decision by RBC Wealth Management to close its branch in Guernsey due to a business decision to centralise operations.

“It is important to note that there is continuing growth across industry; Guernsey continues to be home to a significant number of banks and recent quarterly reporting figures show our total deposits are steadily increasing, with the latest figures standing at over £106 billion.

“Today’s decision by RBC Wealth Management is in no way a reflection of the robust health of Guernsey’s financial services sector, nor the attractiveness of the jurisdiction as a place to do business.”

Tags: RBC Wealth Management
ShareTweetShareSend
Sue Fitzgerald

Sue Fitzgerald

Related Posts

David Bailey
Finance

Royal Bank of Canada celebrates 60 years in Jersey by supporting local community

October 5, 2022
David Beer
Finance

Royal Bank of Canada to acquire Brewin Dolphin

March 31, 2022
Resilience Training
Leadership

Local Resilience Training Company wins twice at Learning Excellence Awards

May 25, 2021
Next Post
Wellbeing Wednesday: Get out of ‘the comfort zone’ and beat the January Blues

Wellbeing Wednesday: Get out of 'the comfort zone' and beat the January Blues

Skipton International
Guernsey Electric
Channel Eye subscribe

Subscribe to our newsletter

Get the latest, no-nonsense, essential news and information direct to your inbox.
  • Home
  • Business
  • Lifestyle
  • All Events
  • Directory
  • Privacy Policy
  • About
  • Contact
  • Subscribe

© 2020 Channel Eye Limited

No Result
View All Result
  • Home
  • Business
    • Appointments
    • Data Protection
    • Digital & Technology
    • Environment
    • Features
    • Finance
    • Interviews & Profiles
    • Leadership
    • Legal & Professional Services
    • People
    • Property
    • Retail & Hospitality
    • Transport
    • Wellbeing
  • Lifestyle
    • Arts & Culture
    • Charity & Community
      • Macmillan
    • Food & Drink
    • Health
    • Home
    • Music
    • Leisure
    • Travel
  • Events
    • Events in Jersey
    • Events in Guernsey
    • Events in Alderney
    • Events in Isle of Man
    • Virtual events
    • All Events
    • Past Events
  • Directory
  • Location
    • Jersey
    • Guernsey
    • Alderney
    • Isle of Man
  • Subscribe to our Newsletter
  • Contact

© 2020 Channel Eye Limited

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.