RBC appoints new president and CEO for RBC Direct Investing

    Jason Storsley to oversee asset growth and strategy development

    TORONTO, Jan. 7 /CNW/ - RBC Royal Bank is pleased to announce the
appointment of Jason Storsley to the position of president and CEO of RBC
Direct Investing, effective February 1, 2009.
    Storsley will be responsible for developing strategy, growing assets
under administration, guiding existing sales and expanding the revenue and
market share of RBC Direct Investing.
    "Our clients and business partners will benefit from Jason's knowledge
and understanding of the industry," says Ashif Ratanshi, Head of Branch
Investments, Deposits and Direct Investing, RBC Royal Bank. "His knowledge of
the investment industry and strong commitment to delivering the best possible
client service make him an ideal fit for this role."
    Most recently, Storsley led the Global Institutional Management team and
was Head of Global Equity Research for RBC Asset Management. He was also a
member of the RBC Investment Strategy Committee and the RBC Investment Policy
Committee, both key economic and capital markets forecasting groups within

    About RBC Direct Investing

    RBC Direct Investing, one of Canada's leading discount brokers, is a
wholly owned subsidiary of Royal Bank of Canada, providing leading-edge tools
and resources for investors who prefer to manage all or a portion of their
investment portfolio. Clients have access to their investments 24/7 online or
by phone and can choose from a broad range of investment products including
stocks, bonds, GICs, T-bills and over 2,500 mutual funds. Clients can qualify
for trade commissions as low as $6.95 flat
(www.rbcdirectinvesting.com/lowtrades) and have exclusive access to over 40
Series D RBC Funds across a variety of asset classes with lower management
fees starting from 0.68 per cent (www.rbcdirectinvesting.com/seriesd).
Independent rating agency, Dalbar Inc. selected RBC Direct Investing for its
<a href="http://www.rbcdirectinvesting.com/RBC:SVps6Y71A8UANtBg--A/dalbar.html">2007 Direct Brokerage Service Award</a>, rating it number No. 1 overall for
customer service among discount brokers in Canada, a trend continued in the
first two quarters of 2008. Visit our website at www.rbcdirectinvesting.com.

For further information:

For further information: Kerry Gaetano, (905) 816-5583,

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