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Royal Bank of Canada Management

Management criteria checks 3/4

Key information

Dave McKay

Chief executive officer

CA$16.4m

Total compensation

CEO salary percentage	9.2%
CEO tenure	9.1yrs
CEO ownership	0.003%
Management average tenure	3.3yrs
Board average tenure	8.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Dave McKay's remuneration changed compared to Royal Bank of Canada's earnings?
Date	Total Comp.	Salary	Company Earnings
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
Jul 31 2018	n/a	n/a	CA$12b
Apr 30 2018	n/a	n/a	CA$11b
Jan 31 2018	n/a	n/a	CA$11b
Oct 31 2017	CA$13m	CA$2m	CA$11b
Jul 31 2017	n/a	n/a	CA$11b
Apr 30 2017	n/a	n/a	CA$11b
Jan 31 2017	n/a	n/a	CA$11b
Oct 31 2016	CA$12m	CA$1m	CA$10b

Compensation vs Market: Dave's total compensation ($USD11.93M) is above average for companies of similar size in the Swiss market ($USD6.60M).

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

CEO

Dave McKay (59 yo)

9.1yrs

Tenure

CA$16,363,877

Compensation

Mr. David I. McKay, also known as Dave, has been the President of Royal Bank of Canada since February 26, 2014 and its Chief Executive Officer and Director since August 1, 2014. Mr. McKay is responsible fo...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
David McKay	President	9.1yrs	CA$16.36m	0.0032% CA$ 3.9m
Nadine Ahn	Chief Financial Officer	1.3yrs	CA$3.46m	0.00028% CA$ 339.8k
Neil McLaughlin	Group Head of Personal & Commercial Banking	5.8yrs	CA$6.28m	0.00063% CA$ 764.6k
Douglas Guzman	Group Head of Wealth Management	3.3yrs	CA$7.45m	0.00040% CA$ 485.4k
Derek Neldner	Group Head & CEO of RBC Capital Markets	3.3yrs	CA$8.51m	0.0010% CA$ 1.2m
Bruce Ross	Group Head of Technology & Operations	9.2yrs	CA$7.89m	0.00041% CA$ 497.6k
Gay Mitchell	Deputy Chairman of RBC Wealth Management	no data	no data	no data
Christoph Knoess	Chief Administrative & Strategy Officer	3.3yrs	no data	no data
Asim Imran	VP & Head of Investor Relations	no data	no data	no data
Maria Douvas	Chief Legal Officer	1.5yrs	no data	no data
Amy Cairncross	Senior Vice President of Communications	no data	no data	no data
Kelly Pereira	Chief Human Resources Officer	less than a year	no data	0.00024% CA$ 291.3k

3.3yrs

Average Tenure

Experienced Management: RY's management team is considered experienced (3.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
David McKay	President	8.6yrs	CA$16.36m	0.0032% CA$ 3.9m
Kathleen Taylor	Independent Chairman of the Board	21.3yrs	CA$575.00k	0.0023% CA$ 2.8m
Jeffery Yabuki	Independent Director	5.4yrs	CA$300.00k	0.00050% CA$ 606.8k
James Pettigrew	Chairman of RBC Europe Ltd	14.2yrs	no data	no data
Andrew Chisholm	Corporate Independent Director	7.2yrs	CA$513.17k	0.00028% CA$ 339.8k
Frank Vettese	Corporate Independent Director	4.2yrs	CA$350.00k	0.00069% CA$ 837.4k
Thierry Vandal	Independent Director	7.7yrs	CA$350.00k	0.000090% CA$ 109.2k
David Denison	Independent Director	10.6yrs	CA$300.00k	0.000090% CA$ 109.2k
Jacynthe Cote	Independent Director	8.5yrs	CA$350.00k	0.00014% CA$ 169.9k
Bridget van Kralingen	Independent Director	11.8yrs	CA$300.00k	0.00012% CA$ 145.6k
Toos Daruvala	Independent Director	8.2yrs	CA$325.00k	0.00050% CA$ 606.8k
Maryann Turcke	Independent Director	3.2yrs	CA$300.00k	0.000070% CA$ 85.0k

8.3yrs

Average Tenure

62yo

Average Age

Experienced Board: RY's board of directors are considered experienced (8.3 years average tenure).

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Royal Bank of Canada Management

Management criteria checks 3/4

Key information

Recent management updates

Royal Bank of Canada to Appoints Jacynthe Côté as Chair of the Board

Royal Bank of Canada Appoints Jason Gurandiano as Head of US Technology Banking

Royal Bank of Canada, Annual General Meeting, Apr 05, 2023

Royal Bank of Canada Appoints Mirko Bibic to Its Board of Directors, Effective August 1, 2022 and Join the Risk and Governance Committees

Royal Bank of Canada, Annual General Meeting, May 16, 2022

Heather Munroe-Blum and Michael McCain to Retire from Royal Bank of Canada's Board of Directors

Recent updates

First quarter 2023 earnings released: EPS: CA$2.29 (vs CA$2.84 in 1Q 2022)

Royal Bank of Canada (TSX : RY) acquired OJO Canada from OJO Holdings Corp.

Royal Bank of Canada to Report Q4, 2023 Results on Nov 30, 2023

Upcoming dividend of CA$1.32 per share

Full year 2022 earnings released: EPS: CA$11.08 (vs CA$11.08 in FY 2021)

Royal Bank of Canada to Appoints Jacynthe Côté as Chair of the Board

Royal Bank of Canada Declares Dividends Payable on and After February 24, 2023

Royal Bank of Canada (TSX:RY) entered into an agreement to acquire from HSBC Overseas Holdings (UK) Limited for CAD 13.5 billion .

Rbc Launches Swift Go, A New Way to Make Fast, Secure, Cost-Effective Cross-Border Payments

Upcoming dividend of CA$1.28 per share

Royal Bank of Canada (TSX:RY) acquired MDBilling.ca.

Royal Bank of Canada Appoints Jason Gurandiano as Head of US Technology Banking

Royal Bank of Canada (TSX:RY) completed the acquisition of Brewin Dolphin Holdings PLC (LSE:BRW).

Royal Bank of Canada (TSX:RY) completed the acquisition of Brewin Dolphin Holdings PLC (LSE:BRW).

Royal Bank of Canada, Annual General Meeting, Apr 05, 2023

Royal Bank of Canada Declares Quarterly Common Share Dividend, Payable on and After November 24, 2022

Third quarter 2022 earnings released: EPS: CA$2.52 (vs CA$2.97 in 3Q 2021)

Upcoming dividend of CA$1.28 per share

Royal Bank of Canada Appoints Mirko Bibic to Its Board of Directors, Effective August 1, 2022 and Join the Risk and Governance Committees

Second quarter 2022 earnings released: EPS: CA$2.97 (vs CA$2.76 in 2Q 2021)

Royal Bank of Canada Declares Common Share Dividend, Payable on and After August 24, 2022

Royal Bank of Canada Announces Revolutionary Authentication Tool That Bolsters Client Security

Upcoming dividend of CA$1.20 per share

Royal Bank of Canada, Annual General Meeting, May 16, 2022

Royal Bank of Canada (TSX:RY) acquired an unknown stake in Tradelogiq Group Inc. from pre-existing shareholders.

Royal Bank of Canada (TSX:RY) reached an agreement to acquire Brewin Dolphin Holdings PLC (LSE:BRW) for £1.6 billion.

Royal Bank of Canada to Report Q4, 2022 Results on Nov 30, 2022

First quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat

Royal Bank of Canada Declares Quarterly Common Share Dividend, Payable on and After May 24, 2022

Royal Bank of Canada to Report Q1, 2022 Results on Feb 24, 2022

Upcoming dividend of CA$1.20 per share

Standard Chartered Bank Zambia Plc (LUSE:SCBL) agreed to acquire RBC Investor Services Trust Hong Kong Limited from Royal Bank of Canada (TSX:RY).

State Street, BNP Reportedly Vying for BBVA Custody Business

Investor sentiment improved over the past week

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Upcoming dividend of CA$1.08 per share

Third quarter 2021 earnings released

Upcoming dividend of CA$1.08 per share

Rbc Insight Edge™ Helps Canadian Businesses Plan for Recovery and Gain Competitive Edge with Real-Time Market Insights

RBC Global Asset Management Inc. announces May sales results for RBC Funds, PH&N Funds and BlueBay Funds

Second quarter 2021 earnings released: EPS CA$2.76 (vs CA$1.00 in 2Q 2020)

Royal Bank of Canada Declares Quarterly Dividends, Payable on and After August 24, 2021

Royal Bank of Canada Launches New Everyday Banking Offering to Give Clients More Value Every Day

Upcoming dividend of CA$1.08 per share

Independent Director has left the company

Independent Director has left the company

Heather Munroe-Blum and Michael McCain to Retire from Royal Bank of Canada's Board of Directors

First quarter 2021 earnings released: EPS CA$2.66 (vs CA$2.41 in 1Q 2020)

Revenue beats expectations

Royal Bank of Canada and Alliance Data's Bread Form Strategic Alliance to Provide Canadians with More Ways to Pay with PayPlan Powered by RBC

Upcoming Dividend of CA$1.08 Per Share

The Royal College of Physicians and Surgeons of Canada and Royal Bank of Canada Announce Strategic Partnership to Support the Needs of Canada's Medical Specialists

Full year 2020 earnings released: EPS CA$7.84

Revenue beats expectations

Alice D. Laberge to Retire from Royal Bank of Canada's Board of Directors on January 2, 2021

Royal Bank of Canada to Report Q4, 2020 Results on Dec 02, 2020

RBC Capital Markets Launches Aiden® - A New Ai-Powered Electronic Trading Platform

Royal Bank of Canada(TSX:RY.PRF) dropped from S&P/TSX Preferred Share Index

Royal Bank of Canada to Report Q1, 2021 Results on Feb 21, 2021

Earnings released

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure