TORONTO, Feb. 29, 2016 /CNW/ - Royal Bank of Canada (RY on TSX and NYSE)
will be postponing a presentation profiling its recently closed
acquisition of City National Bank (City National) for investors and
analysts, originally scheduled to take place in Toronto on Friday,
March 4th, 2016. This follows the passing of Bram Goldsmith, chairman emeritus,
City National Bank, on Sunday, February 28th, 2016.
Mr. Goldsmith, 93, has played a key role at City National since 1964,
when he was first elected to the bank's board of directors. He was the
chairman of City National Corporation from 1975 to 2013 and chairman
and chief executive officer of both the bank and the corporation from
1975 to 1995.
"Bram was responsible for building City National into one of the most
highly-respected and trusted banking franchises in the U.S.," said Dave
McKay, RBC President and CEO. "He was committed to serving his clients
and community: a commitment that he demonstrated every day as he
continued to work tirelessly as chairman emeritus and a member of the
board. He will be greatly missed."
A new date for the Investor Day will be announced shortly.
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, insurance, investor
services and capital markets products and services on a global
basis. We have over 80,000 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 37 other countries. For
more information, please visit rbc.com.
RBC helps communities prosper, supporting a broad range of community
initiatives through donations, sponsorships and employee volunteer
activities. In 2015, we contributed more than $100 million to causes
around the world.
For further information:
Maria McGee, Investor Relations, 416-955-7802
Seema Sharma, Financial Communications, 416-974-5606