Royal Bank of Canada Trust Company (Cayman) Limited

Business Focus

domestic and international banking and trust

Royal Bank of Canada Trust Company (Cayman) Limited provided global private banking, trust and company management services in all major currencies to international clients. In November 2014 Royal Bank of Canada announced that it would be exiting a number of its wealth management businesses in the Caribbean. On November 4, 2015 Royal Bank of Canada announced that it entered into a purchase and sale agreement with SMP Partners Group to sell its trust, custody and fund administration businesses in the Caribbean.

Royal Bank of Canada Trust Company (Cayman) Limited has Category A banking license number 72007 issued by the Cayman Islands Monetary Authority. This type of license allows Royal Bank of Canada Trust Company (Cayman) Limited to conduct banking and trustee operations both in the domestic and international markets and provide services to residents and non-residents.

Bank Category

Category A (Banking & Trust)

Services

banking services
trustee services

Clients

domestic and international clients

Area Served

KYCayman Islands
internationally

Ways to Bank

Royal Bank of Canada Trust Company (Cayman) Limited delivered its products and services via indirect (offline) channels only, namely:
branch

Deposit Guarantee

Guarantee Fund
none
Protected Amount
0 KYD
Eligible Depositors
none
Covered Accounts
none

There is no deposit guarantee scheme in the Cayman Islands: in the case of Royal Bank of Canada Trust Company (Cayman) Limited failure its depositors will not get any compensation.

Contacts

24 Shedden Road, KY1-1110, Grand Cayman, Cayman Islands
1586
+ 345-949-9107
+ 345-949-5777

Bank Supervision

Supervised By
Cayman Islands Monetary Authority

Royal Bank of Canada Trust Company (Cayman) Limited was authorized and supervised by the Cayman Islands Monetary Authority.

Bank History

Close Date
04 November 2015

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