Royal Bank of Canada (RBC) has announced that Dave McKay joins its board of directors and assumes the role of president and CEO of RBC.
McKay succeeds Gordon Nixon, who has retired from the board.
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"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 26 February 2014, 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 US, as well as RBC’s commercial banking operations in Canada and the Caribbean.
McKay’s 26-year career at RBC includes senior roles in retail banking, risk management and international experience in corporate banking.
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