Royal Bank of Canada
Royal Bank of Canada operates as a diversified financial services company. It provides personal and commercial banking, wealth management services, insurance, corporate and investment banking and transaction processing services to personal, business, public sector and institutional clients. The company operates in five segments: Personal and Commercial Banking, Wealth Management, Insurance, Investor and Treasury Services, Capital Markets and Corporate Support. The Personal & Commercial Banking segment provides personal banking operations and certain retail investment businesses in Canada, the Caribbean and U.S. as well as commercial and corporate banking operations in Canada and the Caribbean. The Wealth Management segment serves provides investment and wealth management solutions which provide asset management products and services through RBC distribution channels and third-party distributors. The Investor and Treasury Services segment serves the needs of institutional investing clients and provides custodial, advisory, financing and other services for clients to safeguard assets, maximize liquidity and manage risk in multiple jurisdictions around the world. The Capital Markets segment comprises global wholesale banking businesses, which provide corporate and investment banking, sales and trading and research and related products and services to public and private companies, institutional investors, governments and central banks. The Insurance segment offers life, health, property and casualty insurance products as well as wealth accumulation solutions, to individual and group clients across Canada. It also offers reinsurance for clients around the world. The company was founded by J. W. Merkell, Edward Kenny, T. C. Kinnear, James B. Duffus, William Cunard, John Tobin, George P. Mitchell and Jeremiah Northup in 1864 and is headquartered in Toronto, Canada.