Royal Bank of Canada Trust Company (Cayman) Limited

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)

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

Close Date
04 November 2015

Deposit Guarantee

Deposit Guarantee
No

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

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 be paid out any compensation.

European Presence: 4 banks in 4 countries

Royal Bank of Canada Trust Company (Cayman) Limited operated under the brand name Royal Bank of Canada. This banking brand has presence in the following European countries and selected dependent territories of the European countries:

Cayman Islands

Guernsey

Jersey

United Kingdom

Defunct Banks: 2 banks in 2 countries

The following banks operating under Royal Bank of Canada brand name has been recently closed down:

Cayman Islands

  •  (this bank) Royal Bank of Canada Trust Company (Cayman) Limited (Grand Cayman)

Switzerland