TORONTO, Aug. 1, 2014 /CNW/ - Royal Bank of Canada (RY on TSX and NYSE)
today announced that Dave McKay joins its Board of Directors and
assumes the role of President and Chief Executive Officer of RBC. Mr.
McKay succeeds Gordon Nixon, who has retired from the Board.
"I want to thank Gord for his leadership and congratulate him on a
remarkable career at RBC. Under his guidance, RBC has grown into one of
the largest and most-respected financial institutions globally," said
Kathleen Taylor, Chair of the Board, RBC. "We are pleased to welcome
Dave McKay to the Board of Directors and are confident that under his
leadership, RBC will continue to build on its success."
Prior to being appointed as President on February 26, 2014, Mr. McKay
was Group Head of the Personal & Commercial Banking segment of RBC,
which comprises RBC's personal banking operations and certain retail
investment businesses in Canada, the Caribbean and the U.S., as well as
RBC's commercial banking operations in Canada and the Caribbean. Mr.
McKay's distinguished 26-year career at RBC includes senior roles in
retail banking, risk management and international experience in
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 79,000 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 42 other
countries. For more information, please visit rbc.com.
RBC supports a broad range of community initiatives through donations,
sponsorships and employee volunteer activities. In 2013, we contributed
more than $104 million to causes worldwide, including donations and
community investments of more than $69 million and $35 million in
sponsorships. Learn more at www.rbc.com/community-sustainability.
For further information:
Shirley Boudreau, Shareholder Relations, 416-955-7806, email@example.com
Sandra Nunes, Financial Communications, 416-974-1794, firstname.lastname@example.org