ACQUISITIONS are on the cards for RBC Wealth Management.

Paul Patterson, pictured, its managing director and regional head in the British Isles, said the organisation was in a healthy financial position and if the right deal came up in Guernsey, as part of the British Isles division, or elsewhere in its three other regions around the world, then the business would consider it.

‘RBC and the Canadian banking system generally has come through the financial crisis really well,’ said Mr Patterson.

‘None of the banks required any sort of funding, so as Canada’s largest bank, our quarter one results [to the end of January in Canada] were very strong across all of our business.

‘It means that we have more capital than we need to underpin the ongoing business from a regulation perspective so we are looking to invest.

‘And we like the Channel Islands. We think they are well regulated, safe and secure. We’re inquisitive, so if the right deal comes along we will buy it.’

• Read the full story in the Guernsey Press. See below for subscription details.