RBC Wealth Management Opens in Chile

Nick Parmee

3 April 2008

Royal Bank of Canada has entered the Chilean market with the opening of a financial advisory office in Nueva Las Condes, the new financial centre of Santiago. RBC’s objective in Chile will be to provide financial advisory services with a global outlook to high net worth individuals. The move is intended to complement RBC’s presence across Latin America amid its ongoing expansion in the region, including last week’s office opening in Mexico. Antonio Vianna, head of RBC Wealth Management, Latin America said: “We are extremely selective in the markets in which we operate, and within those markets our goal is to build long term partnerships. Chile is at an exciting time in its economic history and we want to be here to participate in its growth.” Richard Diego has been appointed to head the new office. He is a former president of the American Chamber of Commerce in Chile and has been on its board since 1996. RBC has been increasing its presence in Latin America and the US in recent years with the addition of offices in several locations. The firm now has offices in seven Latin American countries and plans to open additional offices in the region in 2008.