Royal Bank of Canada

TSX:RY.PRM Stock Report

Market Cap: CA$240.9b

Royal Bank of Canada Management

Management criteria checks 3/4

Royal Bank of Canada's CEO is Dave McKay, appointed in Feb 2014, has a tenure of 10.75 years. total yearly compensation is CA$16.13M, comprised of 9.3% salary and 90.7% bonuses, including company stock and options. directly owns 0.003% of the company’s shares, worth CA$8.12M. The average tenure of the management team and the board of directors is 6.3 years and 8 years respectively.

Key information

Dave McKay

Chief executive officer

CA$16.1m

Total compensation

CEO salary percentage9.3%
CEO tenure10.8yrs
CEO ownership0.003%
Management average tenure6.3yrs
Board average tenure8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Dave McKay's remuneration changed compared to Royal Bank of Canada's earnings?
DateTotal CompensationSalaryCompany Earnings
Jul 31 2024n/an/a

CA$16b

Apr 30 2024n/an/a

CA$15b

Jan 31 2024n/an/a

CA$15b

Oct 31 2023CA$16mCA$2m

CA$15b

Jul 31 2023n/an/a

CA$14b

Apr 30 2023n/an/a

CA$14b

Jan 31 2023n/an/a

CA$15b

Oct 31 2022CA$16mCA$2m

CA$16b

Jul 31 2022n/an/a

CA$16b

Apr 30 2022n/an/a

CA$16b

Jan 31 2022n/an/a

CA$16b

Oct 31 2021CA$17mCA$2m

CA$16b

Jul 31 2021n/an/a

CA$15b

Apr 30 2021n/an/a

CA$14b

Jan 31 2021n/an/a

CA$12b

Oct 31 2020CA$13mCA$2m

CA$11b

Jul 31 2020n/an/a

CA$11b

Apr 30 2020n/an/a

CA$11b

Jan 31 2020n/an/a

CA$13b

Oct 31 2019CA$14mCA$2m

CA$13b

Jul 31 2019n/an/a

CA$13b

Apr 30 2019n/an/a

CA$12b

Jan 31 2019n/an/a

CA$12b

Oct 31 2018CA$14mCA$2m

CA$12b

Compensation vs Market: Dave's total compensation ($USD11.54M) is above average for companies of similar size in the Canadian market ($USD7.94M).

Compensation vs Earnings: Dave's compensation has been consistent with company performance over the past year.

CEO

Dave McKay (61 yo)

10.8yrs

Tenure

CA$16,125,877

Compensation

Mr. David I. McKay, also known as Dave, serves as the President & Chief Executive Officer of Royal Bank Of Canada., since 2014. Mr. David has been the President of Royal Bank of Canada since February 26, 2...

Leadership Team

NamePositionTenureCompensationOwnership
David McKay
President10.8yrsCA$16.13m0.0034%
CA$ 8.1m
Neil McLaughlin
Group Head of RBC Wealth Management7.5yrsCA$7.21m0.00069%
CA$ 1.7m
Derek Neldner
Group Head & CEO of RBC Capital Markets5yrsCA$10.51m0.0011%
CA$ 2.6m
Katherine Gibson
CFO & Controllerless than a yearno data0.00020%
CA$ 481.8k
Bruce Ross
Group Head of Technology & Operations10.8yrsCA$7.89m0.00045%
CA$ 1.1m
Matthew Stopnik
Head of Investment Bankingless than a yearno datano data
Maria Douvas
Chief Legal & Administrative Officer3.2yrsno datano data
Asim Imran
VP & Head of Investor Relationsno datano datano data
Amy Cairncross
Senior Vice President of Communicationsno datano datano data
Kelly Bradley
Chief Human Resources Officer2.4yrsno data0.00027%
CA$ 650.4k
Wayne Bossert
Deputy Chairman & Head of Ultra High Net Worth Clients-RBC Wealth Management19yrsno datano data
Greg Grice
Executive Vice President of Enterprise Services12.3yrsno datano data

6.3yrs

Average Tenure

Experienced Management: RY.PRM's management team is seasoned and experienced (6.3 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
David McKay
President10.3yrsCA$16.13m0.0034%
CA$ 8.1m
Jeffery Yabuki
Independent Director7.1yrsCA$340.00k0.00049%
CA$ 1.2m
James Pettigrew
Chairman of RBC Europe Ltd15.8yrsno datano data
Andrew Chisholm
Corporate Independent Director8.8yrsCA$633.46k0.00029%
CA$ 698.6k
Frank Vettese
Corporate Independent Director5.8yrsCA$400.00k0.00068%
CA$ 1.6m
Thierry Vandal
Independent Director9.3yrsCA$400.00k0.00010%
CA$ 240.9k
Jacynthe Cote
Independent Chairman of the Board10.2yrsCA$530.42k0.00014%
CA$ 337.2k
Cynthia Devine
Independent Director4.3yrsCA$340.00k0.00092%
CA$ 2.2m
Toos Daruvala
Independent Director9.8yrsCA$340.00k0.00063%
CA$ 1.5m
Douglas Guzman
Deputy Chairless than a yearCA$7.56m0.00042%
CA$ 1.0m
Roberta Jamieson
Independent Director3.3yrsCA$340.00k0.00041%
CA$ 987.6k
Maryann Turcke
Independent Director4.8yrsCA$375.00k0.000070%
CA$ 168.6k

8.0yrs

Average Tenure

64yo

Average Age

Experienced Board: RY.PRM's board of directors are considered experienced (8 years average tenure).