- Nadine Ahn to become Chief
Financial Officer
- Maria Douvas appointed Chief
Legal Officer and will join Group Executive Committee
- Neil McLaughlin, Group Head,
Personal & Commercial Banking, to expand mandate to include RBC
Ventures
TORONTO, Sept. 17, 2021 /CNW/ - Royal Bank of Canada (TSX: RY) and (NYSE: RY) today
announced a number of key executive appointments that support the
bank's focus on accelerating its Purpose-led vision to be among the
world's most trusted and successful financial institutions.
Nadine Ahn, Senior
Vice-President, Head of Investor Relations and RBC Capital Markets
Finance, will become Chief Financial Officer effective November 1, 2021, taking over from Rod Bolger who will be leaving RBC after 10
years with the Bank. Mr. Bolger will work alongside Ms. Ahn as she
transitions to CFO. Ms. Ahn will report to Mr. McKay and will join
the Group Executive Committee.
"On behalf of RBC, I would like to recognize Rod for his many
contributions as our CFO in further strengthening RBC's financial
foundation to support future growth, including helping to steer the
bank through the COVID-19 crisis and advancing our Finance function
in an evolving regulatory environment," said Dave McKay, RBC's President and Chief Executive
Officer. "Rod has been a trusted advisor and valued partner to our
Group Executive and across the bank over the past decade, and we
wish him continued success in his future endeavours," added Mr.
McKay.
Ms. Ahn joined RBC in 1999 and has held progressively senior
Finance roles, including in Corporate Treasury and in RBC Capital
Markets Finance. In her current role, Ms. Ahn is Head of Investor
Relations and also has global accountability for financial
governance, control, valuations, and performance management for RBC
Capital Markets. Ms. Ahn is a licensed Chartered Accountant and
holds a Bachelor of Commerce from the University of Toronto.
"Nadine is a talented executive and strategic leader with deep
finance and accounting expertise who will help us build on our
strong momentum and continue to make important contributions to the
success of our company" said Mr. McKay. "As Head of Investor
Relations, she also brings a deep understanding of RBC's global
business strategies that position her well for the CFO role and
will make her an outstanding addition to our Group Executive
Committee," said Mr. McKay.
Maria Douvas, Executive
Vice-President and General Counsel, has been appointed Chief Legal
Officer, effective immediately. Maria will report to Mr. McKay and
will join the Group Executive Committee.
Ms. Douvas joined RBC in 2016 and has taken on increasingly
senior roles, including as Global Head of Litigation and Employment
Law and as U.S. General Counsel. Prior to joining RBC, Maria was a
partner at a leading international law firm, and a federal
prosecutor in the U.S. Attorney's Office.
"I'm pleased to welcome Maria to RBC's Group Executive
Committee. Maria is a proven leader and trusted advisor who brings
global perspective and deep legal and regulatory expertise across
our core markets. Her insights will continue to contribute
meaningfully to our future as we navigate an increasingly complex
operating environment," said Mr. McKay.
Mike Dobbins, Group Head, RBC
Ventures and Corporate Development, has decided to leave the Bank
on November 1, 2021 after more than a
decade at RBC.
"Over the years, Mike has had significant impact at RBC,
including supporting the acquisition of City National Bank, driving
the launch of RBC Ventures, and expanding RBC's partnership
strategy with many of Canada's
leading brands," said Mr. McKay. "On behalf of RBC, I want to wish
Mike all the best and thank him for his strategic counsel over the
years and his many contributions that have positioned RBC for
future success."
Neil McLaughlin, Group Head,
Personal & Commercial Banking, will assume responsibility for
RBC Ventures, RBC's differentiated strategy that goes beyond
banking to create move value for clients. This change will enable
RBC to further accelerate and scale RBC's partnership strategy to
reimagine the role the bank plays in our clients' lives and to
build on the current momentum of Ventures' acquisition strategies
for both consumers and small businesses, including creating new
services for future growth.
Mr. McLaughlin will also assume responsibility for RBC Bank and
Ms. Ahn will assume responsibility for Corporate Development as
part of her mandate.
About RBC
Royal Bank of Canada is a global financial institution with
a purpose-driven, principles-led approach to delivering leading
performance. Our success comes from the 88,000+ employees who
leverage their imaginations and insights to bring our vision,
values and strategy to life so we can help our clients thrive and
communities prosper. As Canada's
biggest bank, and one of the largest in the world based on market
capitalization, we have a diversified business model with a focus
on innovation and providing exceptional experiences to our 17
million clients in Canada, the
U.S. and 27 other countries. Learn more at rbc.com.
We are proud to support a broad range of community initiatives
through donations, community investments and employee volunteer
activities. See how at rbc.com/community-social-impact.
SOURCE Royal Bank of Canada