RBC Names Fukakusa CAO And CFO

    Chief Risk Officer Friis Joins Group Executive

    TORONTO, Jan. 26 /CNW/ - RBC today announced that Janice Fukakusa has
been appointed Chief Administrative Officer in addition to her current role as
CFO. As Chief Administrative Officer and CFO, Ms. Fukakusa is responsible for
enterprise oversight of technology and operations, while continuing to lead
the enterprise Finance function.
    "Janice's deep understanding of our business and her proven success as a
leader make her the ideal person for this expanded role," said Gordon M.
Nixon, RBC's President and Chief Executive. "Janice will lead process and
technology improvements to help our businesses improve the client experience
and competitively differentiate RBC."
    Morten Friis, Chief Risk Officer, has been appointed to RBC's Group
Executive, the bank's most senior management committee. "Morten has led RBC's
risk management activities effectively through all market conditions. I know
he will make a significant contribution to the discussions and strategic
decisions of the Group Executive going forward," said Mr. Nixon.
    Added Mr. Nixon, "We are ensuring that the top management team's
decisions benefit fully from our risk management capabilities and that we
optimize the management of our day to day operating activities."

    Janice Fukakusa

    As RBC's Chief Administrative Officer and Chief Financial Officer, Janice
Fukakusa has enterprise oversight of technology and operations while
continuing to lead the enterprise Finance function.
    Ms. Fukakusa has been Chief Financial Officer since 2004 and in 2007
became a member of RBC's Group Executive, which sets the overall strategic
direction of RBC.
    Ms. Fukakusa joined RBC in 1985 and has held positions in retail and
business banking, corporate banking, corporate finance, treasury, strategic
development and internal audit. She also worked at PricewaterhouseCoopers LLP
where she obtained the professional designations of chartered accountant and
chartered business valuator. Ms. Fukakusa obtained her Bachelor of Arts from
University of Toronto and holds an MBA from the Schulich School of Business.

    Morten Friis

    As Chief Risk Officer of RBC, Mr. Friis oversees the strategic management
of enterprise risk. He is a member of RBC's Group Executive, which sets the
overall strategic direction of RBC.
    Mr. Friis joined RBC in 1979 and was appointed Chief Risk Officer in
2004. Prior to this position, Mr. Friis was Executive Vice-President and Chief
Credit Officer for RBC. Mr. Friis joined RBC's Group Risk Management in 1997
as a Senior Vice-President with primary responsibility for credit and
counterparty risk issues. Mr. Friis has a Bachelor of Arts degree in Economics
from Queen's University and an MBA from Harvard Business School.

For further information:

For further information: Jackie Braden, RBC Media Relations, (416)
974-2124, jackie.braden@rbc.com

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