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RBC To Close A Uruguay Wealth Management Office
Tom Burroughes
16 August 2013
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.