Strategy
RBC To Close A Uruguay Wealth Management Office

Royal Bank of Canada’s wealth management division will shut an office with about 40 employees in Montevideo, Uruguay, at the end of October, the Toronto-headquartered bank has confirmed to this publication.
RBC, which has served Latin American clients for over 100 years, will continue to do so via a different business model, a spokesperson for the bank told Family Wealth Report today.
A news report by Bloomberg said some employees may move to other locations, and the office will provide services until October 31.