Royal Bank of Canada

The Royal Bank of Canada is a Canadian multinational financial services company and the largest bank in Canada by market capitalization. The bank serves over 16 million clients and has 80,000 employees worldwide.

Royal Bank of Canada engages in the provision of diversified financial services. It operates through the following business segments: Personal and Commercial Banking, Wealth Management, Investor and Treasury Services, Capital Markets, and Insurance. The Personal and Commercial Banking business segment involves in the personal banking operations and certain retail investment businesses as well as commercial and corporate banking operations. The Wealth Management business segment 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 business segment provides the needs of institutional investing clients and custodial, advisory, financing and other services for clients to safeguard assets, maximize liquidity and manage risk in multiple jurisdictions. The Capital Markets business segment provides public and private companies, institutional investors, governments and central banks globally with capital markets products and services across the two main business lines, Corporate and Investment Banking and Global Markets. The Insurance business segment offers life, health, property and casualty insurance products as well as wealth accumulation solutions, to individual and group clients. 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.