Doug McGregor and Mark Standish appointed to lead RBC Capital Markets and to join RBC's Group Executive

    TORONTO, Sept. 24 /CNW/ - Royal Bank of Canada (RY on the TSX and NYSE)
today announced leadership changes at RBC Capital Markets.
    Doug McGregor has been appointed chairman & co-CEO of RBC Capital
Markets; and Mark Standish has been appointed president & co-CEO of RBC
Capital Markets. McGregor and Standish will join RBC's Group Executive as
co-group heads, Capital Markets.
    These appointments are effective November 1, 2008, in conjunction with
the retirement of Charles (Chuck) Winograd as chairman and CEO of RBC Capital
Markets. Chuck will remain with the bank to facilitate transition into
January 2009.
    As chairman & co-CEO, McGregor will assume specific responsibility for
driving client relationships, and managing the firm's investment banking,
equity agency trading and credit businesses. He will continue to be based in
Toronto. As president & co-CEO, Standish will have responsibility for the
firm's sales and trading activities, financing, as well as oversight and
management of the firm's balance sheet. He will continue to be based in New
    "These appointments are recognition of Doug and Mark's success in driving
our steady growth as a global wholesale bank," said Gordon M. Nixon, president
and chief executive officer of RBC. "Under their joint leadership, RBC Capital
Markets will continue to execute its long-term strategy and further strengthen
its position as a premier investment bank around the world."
    McGregor and Standish were appointed co-presidents of RBC Capital Markets
in February 2007. McGregor, as co-president, led the firm's global investment
banking business and was responsible for RBC Capital Markets' global
activities in corporate finance, mergers and acquisitions, and equity sales
and trading. He also headed the North American real estate brokerage,
financing, capital markets and advisory business. McGregor began his
investment banking career in 1979 and joined RBC DS as a managing director in
1990 through the acquisition of Marcil Trust.
    Standish, as co-president, led the firm's Global Markets business,
including global debt markets, financial products, debt finance, fixed income
and foreign exchange, as well as municipal finance. The business serves over
6,000 active institutional investors and issuers through 75 offices in
15 countries. Standish joined RBC in New York in 1995 as head of proprietary
and structured trading. He has had a varied career in financial services
spanning 30 years, including experience in the U.K.

For further information:

For further information: Media contact: Gillian Hewitt, Media Relations,
Toronto, (416) 974-0668

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