From left: Scott Estabrooks, Regional Vice President Private Banking as he interacted with the other members of the leadership team, Darryl White, CEO, RBC Financial Caribbean Limited and RVP for Corporate and Investment Banking; Robert De Silva, Managing Director for RBC; Roger Cogle, Regional Vice President Retail; and Rob Johnston, Head of RBC Caribbean Banking.
Despite Barbados’ recent economic hit, Managing Director of the Royal Bank of Canada, Robert De Silva reports that there is still a healthy appetite for private banking in this country.
In fact, during an interview with media on the sidelines of an introduction ceremony which took place at Sandals Royal on Wednesday night, De Silva revealed that their Barbados branch is the most mature private banking location in the Caribbean.
“We’ve had private banking for the last 28 years, so I guess it’s a feature of private banking clientele that they may be a bit more resilient if you’re a high-
income earner,” he said.
“It’s not that you don’t feel economic impact, but you might be more resilient and you think that in some economies, there’s a good opportunity and there are clients that want that kind of attention and service, and Barbados is the longest banking private operation that we’ve had and our teams are bringing new capability and longer term vision to the private banking solution.”
During his remarks, Scott Estabrooks, Regional Vice President of Private Banking, highlighted that their approach to private banking provides clients with the personalised attention that they need and expect.
“Our philosophy revolves around the personal relationships we form with each of our clients. We take the time to get to know you, your family and your goals. We then use this information to analyse your liquidity, debt and risk management, investments, tax strategies and business plans,” he said.
“We also draw upon a range of top experts in our global wealth management team to provide you with an innovative range of products and services.”
He explained that this enables them to implement “a comprehensive wealth plan” that provides the necessary solutions to address their needs and help them create a path for a better future.