RBC plans Asia wealth management business. Business Ideas, The Royal Bank of Canada (RBC) had plans to increase the wealth managements in Asia, with focus in Hong Kong and Singapore. It explain around 50 percent in firm’s wealth management clients outside of North America come from emerging markets, and the firm sees growth coming out of all of those areas. Continue with reason the wealth management business is going to be faster growing than financial services overall is the growth of wealth coming from emerging market countries.

The RBC is one of the world’s top ten wealth management firms, with more than C $490 of assets under administration and nearly C$240 billion of assets under management. In Hong Kong, RBC already has a significant capital markets presence and it is building up its wealth management business there to serve the growing number of mainland Chinese investors using it as a financial center to expand their investments overseas, it makes the RBC better focus for it clients. Only one ways it can become more productive is by helping clients to diversify their investments beyond their home markets, leveraging RBC’s growing global presence.