TORONTO, April 24, 2015 /CNW/ - Royal Bank of Canada (RY on TSX and
NYSE) today announced that the Audit Committee of the Board has
selected PricewaterhouseCoopers LLP as its external auditor for fiscal
2016. The selection is the outcome of a comprehensive tender process
and is subject to shareholder approval at the 2016 annual meeting.
"Following a thorough selection process, we have concluded that
PricewaterhouseCoopers LLP is best positioned to meet the evolving
future needs of RBC and look forward to working with them commencing
with our 2016 fiscal year," said David Denison, chair of the Audit
Committee of the Board of Directors. "The board extends our thanks to
Deloitte LLP for the quality of expertise and insight they have
provided RBC over the years."
Deloitte LLP will continue as external auditor through fiscal 2015.
Royal Bank of Canada is Canada's largest bank, and one of the largest
banks in the world, based on market capitalization. We are one of North
America's leading diversified financial services companies, and provide
personal and commercial banking, wealth management services, insurance,
investor services and capital markets products and services on a global
basis. We employ approximately 78,000 full- and part-time employees who
serve more than 16 million personal, business, public sector and
institutional clients through offices in Canada, the U.S. and 39 other
countries. For more information, please visit rbc.com.
For further information:
Julia Macleod, 416-955-7802
Sandra Nunes, 416-974-1794