Brunei To Host Royal Bank Of Canada's Asian Strategy Meet

Bandar Seri Begawan – Brunei has been selected by Royal Bank of Canada Financial Group to host its 2006 Asian strategy conference.

Managing Directors of the bank's Asian banking network will spend three days in the Sultanate to develop strategies for the continued expansion of the bank's Asian business.

Royal Bank of Canada was the first bank to be granted permission to operate under the BIFC three years ago and the bank's Brunei office has continued to expand since it was established.

In addition to the Brunei office, Royal Bank of Canada has maintained offices for many years in Tokyo, Taiwan, Hong Kong and Singapore.

Until recently Brunei was the most recent addition to the bank's network, but an office in Beijing will be opened in the first quarter of 2006 to further expand the bank's Asian presence.

Its Asian Regional Head, Trevor Wynn, commented, "Brunei has become firmly established within our network and we have been pleased with the number of clients who have been willing to undertake their banking business with our Brunei office.

"Holding our 2006 strategic conference in Brunei will further increase the profile of the Brunei office within our network and give our senior management the opportunity to experience first hand the quality of the local financial scene."

Brunei General Manager, Matthew Yong, noted: "The Brunei office of Royal Bank of Canada has benefited from many

client referrals from other Royal Bank of Canada offices. Hosting our colleagues here this week allows us to demonstrate the ability of our local office to service clients at international standards.

"The local office employs all Bruneians who have undergone training in London, Dubai and Singapore and they are conversant with the international financial markets."

Trevor Wynn further commented the bank's appreciation of the support and guidance from the Ministry of Finance and its BIFC (Brunei International Financial Centre) over the years and the bank is confident with the proactive and forwardlooking vision of His Majesty and the people of Brunei.

Brunei is showing itself increasingly to be an ideal offshore financial centre in the region, he said.

Royal Bank of Canada is Canada's largest financial services enterprise. It is one of the world's largest banks, providing a wide range of corporate and personal financial services.

The group has some C$830 billion assets under administration, including assets held in custody and subject to fiduciary services. Global Private Banking constitutes over C$48 billion of this total. Global Private Banking has offices in the key financial centres of the world and clients in over 150 countries.

For further information on Royal Bank of Canada Private Banking and its range of services, visit www.rbcprivatebanking.com. -- Courtesy of Borneo Bulletin

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