January 2020

RBC Calls for Nondiscrimination Protections for LGBTQ Virginians

NEW YORK JANUARY 31, 2020 – The Royal Bank of Canada (RBC) has added its name to a letter, organized by the Virginia Values Coalition, to Virginia lawmakers calling for comprehensive LGBTQ nondiscrimination protections for Virginia employees, families and customers who all deserve equal opportunities at work and in their daily lives.

"RBC is dedicated to a culture of diversity and inclusion, where all employees have the opportunity to achieve their full potential, enabling us to better serve our clients, shareholders and the communities in which we operate. Our signature on this letter is consistent with our collective values and beliefs,” noted John Thurlow, U.S. Chief Operating Officer of RBC U.S. Holdings LLC, RBC’s U.S. Intermediate Holding Company (IHC).  

RBC is an advocate for equal employment opportunities and maintains a workplace that embraces diversity and inclusion. RBC provides domestic partner benefits inclusive of same sex couples as well as transgender benefits and supports national and local organizations that serve the LGBTQ community through sponsorships, grants and the employee gift matching program.

RBC ranked third among all Corporations and first among Financial Institutions in Refinitiv’s 2019 Diversity & Inclusion Index (formerly Thomson Reuters’ Index). In addition, both RBC Wealth Management and RBC Capital Markets have received 100 percent on the Human Rights Campaign’s Corporate Equality Index for the past eleven consecutive years.

About RBC Capital Markets

RBC Capital Markets is recognized by the most significant corporations, institutional investors, asset managers, private equity firms, and governments around the globe as an innovative, trusted partner with an in-depth expertise in capital markets, banking, and finance. We are well-established in the largest, most mature capital markets with over 7,300 employees across North America, Europe, and the Asia-Pacific region in 70 offices and 15 countries, collectively encompassing more than 80% of global investment banking activity each year.

About RBC Wealth Management – U.S.

In the United States, RBC Wealth Management operates as a division of RBC Capital Markets, LLC. Founded in 1909, RBC Capital Markets, LLC is a member of the New York Stock Exchange, the Financial Industry Regulatory Authority, the Securities Investor Protection Corporation, and other major securities exchanges. RBC Wealth Management has $389 billion in total client assets with more than 2,000 financial advisors operating in 170 locations in 42 states. For more information about RBC Wealth Management-U.S., visit https://www.rbcwealthmanagement.com.

About City National

With $60.4 billion in assets, City National Bank provides banking, investment and trust services through 73 offices, including 19 full-service regional centers, in Southern California, the San Francisco Bay Area, Nevada, New York City, Nashville, Atlanta, Minneapolis, Washington, D.C. and Miami*. In addition, the company and its investment affiliates manage or administer $80.3 billion in client investment assets.

City National is a subsidiary of Royal Bank of Canada (RBC), one of North America’s leading diversified financial services companies. RBC serves more than 16 million personal, business, public sector and institutional clients through offices in Canada, the United States and 34 other countries.

For more information about City National, visit the company’s website at cnb.com.

*City National Bank does business in Miami and the state of Florida as CN Bank.

About RBC Global Asset Management (RBC GAM)
RBC Global Asset Management (RBC GAM) is the asset management division of Royal Bank of Canada (RBC) and includes BlueBay Asset Management and Phillips, Hager & PH&N Institutional. RBC GAM is a provider of global investment management services and solutions to institutional, high-net-worth and individual investors through separate accounts, pooled funds, mutual funds, hedge funds, exchange-traded funds and specialty investment strategies. The RBC GAM group of companies manage more than $365 billion USD in assets and have approximately 1,400 employees located across Canada, the United States, Europe and Asia.

Media Contact:
Stephanie Diaz, RBC Capital Markets, 212-905-5893 or Stephanie.Diaz@rbccm.com