RBC announces changes to executive leadership team and business segments

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RBC announces changes to executive leadership team and business segments /* Style Definitions */ span.prnews_span { font-size:8pt; font-family:"Arial"; color:black; } a.prnews_a { color:blue; } li.prnews_li { font-size:8pt; font-family:"Arial"; color:black; } p.prnews_p { font-size:0.62em; font-family:"Arial"; color:black; margin:0in; } Canada NewsWire Doug Guzman to become Deputy Chair, RBC Neil McLaughlin to become Group Head, RBC Wealth Management Erica Nielsen to become Group Head, RBC Personal Banking Sean Amato-Gauci to become Group Head, RBC Commercial Banking Jennifer Publicover to become Group Head, RBC Insurance Personal & Commercial Banking to become two standalone business segments: Personal Banking and Commercial Banking TORONTO , July 11, 2024 /CNW/ - Royal Bank of Canada (TSX: RY) and (NYSE: RY) today announced a number of key executive appointments to accelerate its next phase of growth and further strengthen the organization's focus on clients, following the transformative acquisition of HSBC Bank Canada. These changes, effective September 1, 2024 , better position RBC to take advantage of its scale, speed up decision making and elevate leaders to deliver on strategic growth priorities with clients at the centre. "I'm personally energized by the opportunity to work with these extraordinary leaders in the coming years as they take on new roles and responsibilities on our Group Executive leadership team," said Dave McKay , President and Chief Executive Officer, RBC. "The unique skills, experiences and perspectives they bring to the table will be invaluable as we embark on our next phase of growth and further deepen trusted client relationships across all our businesses." In addition to the executive appointments, given the significant growth in Personal & Commercial Banking (P&CB), RBC announced this business will become two standalone segments, effective for the fourth quarter of 2024. As RBC has over 15 million clients, including a growing base of commercial clients, the new structure is designed to better respond to evolving client needs and further differentiate the bank in the market. With this change, RBC Direct Investing will move to the Wealth Management segment. Doug Guzman , currently Group Head, RBC Wealth Management and Insurance, will become Deputy Chair, RBC. In his new capacity, Mr. Guzman will&#xA0...

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