Accelerating growth in our second home market

For almost 120 years, we have served clients on both sides of the Canadian-U.S. border. Today, we have a powerful combination of franchises with Capital Markets, U.S. Wealth Management, including City National Bank (CNB), and RBC Bank.

In 2018, nearly a quarter of our revenue was generated in the U.S. Our well-established and growing businesses deliver value to corporate, institutional, and high net worth clients and their businesses. Drawing on our deep cross-border and international capabilities, we have the ability to exchange referrals, make larger commitments and win bigger mandates to add more value for our clients. And through our brand and culture, and targeted investments in people and technology, we’re well positioned to deepen existing client relationships, attract new clients and drive long-term growth in this important market.

Making our mark

Landmark deals: Capital Markets acted on a number of landmark transactions in 2018, including as joint bookrunner on Vodafone’s US$11.5 billion bond offering, and as joint lead arranger on Walt Disney’s US$36 billion debt financing to support the acquisition of select assets of Twenty First Century Fox.

Impact investing: RBC Global Asset Management provides clients across 49 states and the District of Columbia with impact investing opportunities, which aim to generate a measurable social and environmental impact alongside a financial return. In fiscal 2018, we launched an impact bond strategy to help clients align their fixed income portfolios with their impact goals, including clean energy, access to healthcare, affordable housing, and higher education.

Better together: Several years ago, a leading cloud services provider asked Capital Markets for help with their capital leasing needs, but we didn’t have the capabilities in the U.S. The addition of CNB changed that. By combining its equipment leasing subsidiary business with our balance sheet, CNB has funded leases totalling more $1 billion since July 2016.

By the numbers:

13,000+ employees across our businesses in the U.S.

23% of our total revenue was generated in the U.S.

11th largest investment bank(1) in the U.S. with 36 offices in 23 states

1,800+ advisors in U.S. Wealth Management across 42 states

With assets over US$50 billion, City National has full-service banking offices in 6 states and the District of Columbia

Our private client group is the 7th largest wealth advisory firm in the U.S.

(1) Dealogic, based on global investment bank fees, Fiscal 2018.