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$8.28M. 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 percentage | 9.3% |
| CEO tenure | 10.8yrs |
| CEO ownership | 0.003% |
| Management average tenure | 6.3yrs |
| Board average tenure | 8yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jul 31 2024 | n/a | n/a | CA$16b |
| Apr 30 2024 | n/a | n/a | CA$15b |
| Jan 31 2024 | n/a | n/a | CA$15b |
| Oct 31 2023 | CA$16m | CA$2m | CA$15b |
| Jul 31 2023 | n/a | n/a | CA$14b |
| Apr 30 2023 | n/a | n/a | CA$14b |
| Jan 31 2023 | n/a | n/a | CA$15b |
| Oct 31 2022 | CA$16m | CA$2m | CA$16b |
| Jul 31 2022 | n/a | n/a | CA$16b |
| Apr 30 2022 | n/a | n/a | CA$16b |
| Jan 31 2022 | n/a | n/a | CA$16b |
| Oct 31 2021 | CA$17m | CA$2m | CA$16b |
| Jul 31 2021 | n/a | n/a | CA$15b |
| Apr 30 2021 | n/a | n/a | CA$14b |
| Jan 31 2021 | n/a | n/a | CA$12b |
| Oct 31 2020 | CA$13m | CA$2m | CA$11b |
| Jul 31 2020 | n/a | n/a | CA$11b |
| Apr 30 2020 | n/a | n/a | CA$11b |
| Jan 31 2020 | n/a | n/a | CA$13b |
| Oct 31 2019 | CA$14m | CA$2m | CA$13b |
| Jul 31 2019 | n/a | n/a | CA$13b |
| Apr 30 2019 | n/a | n/a | CA$12b |
| Jan 31 2019 | n/a | n/a | CA$12b |
| Oct 31 2018 | CA$14m | CA$2m | CA$12b |
Compensation vs Market: Dave's total compensation ($USD11.53M) 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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 10.8yrs | CA$16.13m | 0.0034% CA$ 8.3m | |
| Group Head of RBC Wealth Management | 7.5yrs | CA$7.21m | 0.00069% CA$ 1.7m | |
| Group Head & CEO of RBC Capital Markets | 5yrs | CA$10.51m | 0.0011% CA$ 2.6m | |
| CFO & Controller | less than a year | no data | 0.00020% CA$ 491.6k | |
| Group Head of Technology & Operations | 10.8yrs | CA$7.89m | 0.00045% CA$ 1.1m | |
| Head of Investment Banking | less than a year | no data | no data | |
| Chief Legal & Administrative Officer | 3.2yrs | no data | no data | |
| VP & Head of Investor Relations | no data | no data | no data | |
| Senior Vice President of Communications | no data | no data | no data | |
| Chief Human Resources Officer | 2.4yrs | no data | 0.00027% CA$ 663.6k | |
| Deputy Chairman & Head of Ultra High Net Worth Clients-RBC Wealth Management | 19yrs | no data | no data | |
| Executive Vice President of Enterprise Services | 12.3yrs | no data | no data |
6.3yrs
Average Tenure
Experienced Management: RY.PRS's management team is seasoned and experienced (6.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 10.3yrs | CA$16.13m | 0.0034% CA$ 8.3m | |
| Independent Director | 7.1yrs | CA$340.00k | 0.00049% CA$ 1.2m | |
| Chairman of RBC Europe Ltd | 15.8yrs | no data | no data | |
| Corporate Independent Director | 8.8yrs | CA$633.46k | 0.00029% CA$ 712.8k | |
| Corporate Independent Director | 5.8yrs | CA$400.00k | 0.00068% CA$ 1.7m | |
| Independent Director | 9.3yrs | CA$400.00k | 0.00010% CA$ 245.8k | |
| Independent Chairman of the Board | 10.2yrs | CA$530.42k | 0.00014% CA$ 344.1k | |
| Independent Director | 4.3yrs | CA$340.00k | 0.00092% CA$ 2.3m | |
| Independent Director | 9.8yrs | CA$340.00k | 0.00063% CA$ 1.5m | |
| Deputy Chair | less than a year | CA$7.56m | 0.00042% CA$ 1.0m | |
| Independent Director | 3.3yrs | CA$340.00k | 0.00041% CA$ 1.0m | |
| Independent Director | 4.8yrs | CA$375.00k | 0.000070% CA$ 172.1k |
8.0yrs
Average Tenure
64yo
Average Age
Experienced Board: RY.PRS's board of directors are considered experienced (8 years average tenure).