Royal Bank of Canada engages in the provision of banking and financial solutions. It operates through the following segments: Personal and Commercial Banking, Wealth Management, Insurance, Investor and Treasury Services, and Capital Markets. The Personal and Commercial Banking segment offers services including auto financing, and retail investment businesses. The Wealth Management segment provides investments services, trusts, banking, credit, and other wealth management solutions. The Insurance segment refers to a range of life, health, home, auto, travel, wealth, group, and reinsurance products. The Investor and Treasury Services segment offers services among institutional investing clients through asset servicing, custodial, advisory, financing and other services to safeguard assets, maximize liquidity and manage risk, and providing short term funding, and liquidity management. The Capital Markets segment refers to services among public and private companies, institutional investors, government and central banks such as corporate and investment banking, equity and debt origination and distribution, and structuring and trading. The company was founded by J. W. Merkell, Edward Kenny, T. C. Kinnear, James B. Duffus, William Cunard, John Tobin, George P. Mitchell and Jeremiah Northup in 1864 and is headquartered in Toronto, Canada.