RBC Partners With iCapital Network to Enhance U.S. Alts Services in 2021RBC Partners With iCapital Network to Enhance U.S. Alts Services in 2021
RBC Wealth Management is rolling out customized alternative asset tech starting in Asia, with U.S. clients expected to see enhancements by mid-2021.
RBC Wealth Management is partnering with iCapital Network to provide customized alternative asset technology and service to its clients, worldwide, according to an announcement. Beginning with a rollout in Asia, RBC anticipates expanding its alternative asset offerings to its U.S.-based clients in the first half of 2021, according to a spokesperson.
“Our partnership with iCapital complements our existing investment solutions and global banking capabilities,” said Juan Aronna, head of investments at RBC Wealth Management International and Asia, in a statement. The tie-up is expected to improve the provisioning of alternative assets by the RBC wealth management group, he added.
“We are delighted that RBC Wealth Management selected iCapital to build a customized platform that will manage private market investments, and ultimately hedge funds, seamlessly across currencies, regulatory environments and languages,” said Lawrence Calcano, chairman and CEO of iCapital, in a statement. “We share the RBC team’s commitment to providing best-in-class, easy and transparent access to alternatives and the highest level of service to clients.”
