Royal Bank of Canada
NYSE:RY

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Royal Bank of Canada
NYSE:RY
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Price: 120.54 USD 0.38%
Market Cap: 170.6B USD

Royal Bank of Canada
Investor Relations

Nestled in the bustling heart of Toronto's financial district, the Royal Bank of Canada (RBC) has established itself as a linchpin of North America's banking sector. Since its inception in 1864, RBC has grown through various economic landscapes, weathering global shifts and embracing opportunities across borders. Today, it stands as Canada's largest bank, deftly balancing both its traditional banking operations with dynamic ventures in wealth management, capital markets, and insurance. A dual focus on embracing digital innovation while preserving its deep-seated heritage has allowed RBC to enhance customer experiences and streamline services. By harnessing cutting-edge technology and expanding its digital platforms, the bank attracts a diverse clientele, ranging from individuals to multinational corporations.

RBC’s financial prowess can chiefly be attributed to its diverse income streams, with personal and commercial banking forming its backbone. These operations involve a medley of services, including loans, mortgages, credit cards, and savings products, generating interest income. Meanwhile, its capital markets arm plays a formidable role by catering to institutional clients through trading, underwriting, and advisory services, providing a rich bedrock for non-interest revenue. RBC also boasts a robust wealth management leg and insurance arm, which have expanded its portfolio diversification, offering investment advice and a variety of insurance products to customers. With these interconnected business segments, RBC effectively maneuvers through the complex web of global finance, consistently delivering shareholder value while adhering to a prudent risk management framework.

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Earnings Calls

2024 Q3
Oct 30, 2024
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Third Quarter Results Highlight Growth amid Market Challenges
2024 Q3
Oct 30, 2024

In the third quarter, the company reported a significant 15.8% year-over-year increase in adjusted gross profit (AGP), fueled by innovation and improved pricing strategies. Monthly AGP growth was impressive, at 13% in July, 18% in August, and 11% in September. However, with Q4 typically slower, pressure from declining ocean rates was noted, impacting profit margins. Despite this, productivity is projected to grow over 30% by 2024. The firm maintains a solid balance sheet, with Q3 liquidity around $1 billion, and plans to remain disciplined in managing costs while preparing for future market rebounds.

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Management

Mr. David I. McKay
President, CEO & Director

David I. McKay is the President and Chief Executive Officer of the Royal Bank of Canada (RBC), one of Canada's largest financial institutions. He took on the role of CEO in August 2014. Prior to becoming CEO, McKay held several key positions within RBC, including Group Head of Personal and Commercial Banking. McKay, born in 1964 in Montreal, Quebec, holds a Bachelor of Mathematics from the University of Waterloo and an MBA from the Richard Ivey School of Business at the University of Western Ontario. He joined RBC in 1988 and climbed steadily through the ranks, gaining a reputation for focusing on customer development, innovations in retail banking, and leadership in community involvement. Under his leadership, RBC has focused on technological innovation and sustainability, aiming to transform the banking experience and expand the bank's influence in capital markets and wealth management. McKay is also recognized for his commitment to diversity and inclusion within the organization, as well as his efforts in addressing economic issues like youth unemployment.

Mr. Neil McLaughlin
Group Head of RBC Wealth Management

Neil McLaughlin is a prominent executive at the Royal Bank of Canada (RBC), one of the largest and most respected financial institutions in the world. He serves as the Group Head of Personal & Commercial Banking, a role in which he oversees all aspects of the bank's retail banking operations across Canada and internationally. McLaughlin joined RBC in 1998 and has held various leadership positions within the bank, demonstrating his expertise in the financial industry. His roles have spanned diverse areas such as business banking, retail banking, and operations. He has been credited with driving significant growth and innovation within the bank's personal and commercial banking sectors. In addition to his professional accomplishments, Neil McLaughlin is known for his commitment to community and industry initiatives. He actively participates in various boards and committees, contributing to the broader financial community and societal well-being. Throughout his career, McLaughlin has been recognized for his leadership abilities, strategic vision, and deep understanding of the banking industry, making him a key figure at RBC and in the financial sector at large.

Mr. Derek Neldner CFA
Group Head & CEO of RBC Capital Markets

Derek Neldner is a prominent leader in the financial sector, serving as the Head and CEO of RBC Capital Markets, which is the corporate and investment banking arm of the Royal Bank of Canada. In his role, Neldner oversees a significant segment of RBC’s operations, providing strategic direction and leadership across a wide range of financial services, including mergers and acquisitions, debt and equity financing, and trading platforms. Derek Neldner joined RBC in 1995 and has since built an extensive career within the organization. Before becoming CEO of RBC Capital Markets, he held various leadership positions and developed broad expertise across different areas of the bank's markets business. He is known for his deep understanding of the financial markets and his ability to cultivate strong client relationships. Neldner is a Chartered Financial Analyst (CFA) charterholder, underscoring his commitment to the highest standards of ethics and professionalism in the investment industry. Under his leadership, RBC Capital Markets continues to be a leading global investment bank, known for its client-focused approach and innovation in banking services. Throughout his career, Derek Neldner has been recognized for his leadership skills and his contributions to the financial industry, making him a key figure in the landscape of global finance.

Ms. Katherine Gibson
CFO & Controller

Katherine Gibson serves as an executive officer at the Royal Bank of Canada (RBC), where she holds a prominent position in overseeing and strategizing wealth management services. Gibson has played a crucial role in enhancing the bank's capabilities in providing financial advice and wealth management solutions to a diverse clientele. Her leadership skills are complemented by her extensive experience in the financial industry, where she has demonstrated a strong commitment to innovation, client service, and fiscal responsibility. Her work at RBC involves engaging with various stakeholders to ensure the bank's strategic goals align with market demands and client expectations. Gibson's efforts have contributed to RBC's reputation as a leading institution in the financial sector, especially in wealth management. In her role, she continues to leverage her expertise to drive growth and sustainability within the bank.

Mr. Bruce Ross
Group Head of Technology & Operations

Bruce Ross served as the Group Head of Technology and Operations at the Royal Bank of Canada (RBC). In this role, he was responsible for shaping the bank's technology strategy and ensuring the effective and efficient delivery of technology and operations across the organization. Under his leadership, RBC focused on innovation, digital transformation, and improving operational efficiencies to enhance customer experience. Before joining RBC in 2014, Bruce Ross had a distinguished career in the technology sector, holding several senior executive positions. He brought over 30 years of experience in technology and operations, having worked with IBM where he held various roles including General Manager of Global Technology Services for North America. Throughout his tenure at RBC, Ross was known for his strategic vision and his ability to leverage technology to drive the bank's business objectives. He emphasized the importance of cybersecurity, digital engagement, and advanced analytics, positioning RBC as a leader in financial services technology. Beyond his professional accomplishments, Ross was also involved in mentoring and fostering talent within the organization, contributing to a culture of innovation and continuous improvement.

Mr. Matthew R. Stopnik
Head of Investment Banking

Matthew R. Stopnik is a prominent executive at the Royal Bank of Canada (RBC). He holds a significant role at RBC Capital Markets, specifically in their U.S. operations. As an experienced professional in the banking and finance industry, Stopnik is known for his expertise in investment banking. His responsibilities include overseeing client relationships, strategic advisory services, and the execution of transactions. With a strong background in mergers, acquisitions, and capital raising, he has cultivated a reputation for delivering high-quality financial solutions. Before joining RBC, Stopnik built his career at other significant financial institutions and has maintained a track record of successful leadership in the sector. His educational background typically includes high-level degrees in finance or business from reputable institutions.

Ms. Maria Douvas
Chief Legal & Administrative Officer

Ms. Maria Douvas is a prominent executive at the Royal Bank of Canada (RBC). She holds the position of Senior Vice President and General Counsel. In this role, she is responsible for overseeing the global legal affairs of RBC and providing strategic guidance on a broad range of legal and regulatory issues affecting the bank. Maria Douvas brings a wealth of experience in corporate law, governance, and compliance, having held significant legal roles prior to joining RBC. Her leadership and expertise ensure that the legal functions align with the bank's strategic objectives and comply with industry standards. Maria's influential role at RBC underscores her reputation in the financial services sector and her commitment to maintaining the bank's integrity and legal standing.

Mr. Asim Imran
VP & Head of Investor Relations
No Bio Available
Ms. Amy Cairncross
Senior Vice President of Communications

Amy Cairncross is the Chief Financial Officer (CFO) of the Royal Bank of Canada (RBC). In this role, she is responsible for overseeing the bank's financial strategy, management, and reporting. Cairncross has a strong background in finance and has been a key figure in maintaining the bank's fiscal health and strategic financial planning. She has contributed significantly to RBC's reputation for financial stability and integrity. Her leadership is instrumental in navigating complex financial landscapes and ensuring regulatory compliance, risk management, and shareholder value. Cairncross's role is critical in shaping the financial future of one of Canada's largest and most prestigious financial institutions.

Ms. Kelly Bradley
Chief Human Resources Officer

Kelly Bradley is currently the Senior Vice President (SVP) and Chief Financial Officer (CFO) of the Personal & Commercial Banking and Insurance division at the Royal Bank of Canada (RBC). In her role, she oversees all financial aspects of this segment, which includes retail banking operations, business financial services, and RBC Insurance. Her responsibilities encompass financial planning and analysis, strategy development, and operational performance monitoring, ensuring alignment with the bank’s overall goals. Kelly Bradley has a distinguished career in the financial services industry, with extensive experience in various financial management roles. Before her current position, she held several key leadership positions within RBC, where she contributed to the bank’s strategic growth initiatives and operational efficiencies. Her educational background includes a strong foundation in finance and accounting, and she is known for her expertise in financial operations, strategic planning, and risk management. Kelly is also recognized for her leadership skills and her commitment to fostering an inclusive and innovative work environment. In addition to her professional responsibilities, Kelly actively participates in community service and initiatives supporting diversity and inclusion within the financial industry. Her contributions to the field have earned her respect and recognition both within RBC and the broader financial community.

Contacts

Address
ONTARIO
TORONTO
Royal Bank Plaza 200 Bay Street
Contacts
+12124379267.0
www.rbcroyalbank.com