Royal Bank of Canada Management

Management criteria checks 4/4

Royal Bank of Canada's CEO is Dave McKay, appointed in Feb 2014, has a tenure of 9.75 years. total yearly compensation is CA$16.36M, comprised of 9.2% salary and 90.8% bonuses, including company stock and options. directly owns 0.003% of the company’s shares, worth $3.79M. The average tenure of the management team and the board of directors is 4 years and 8.1 years respectively.

Key information

Dave McKay

Chief executive officer

CA$16.4m

Total compensation

CEO salary percentage	9.2%
CEO tenure	9.8yrs
CEO ownership	0.003%
Management average tenure	4yrs
Board average tenure	8.1yrs

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 Compensation	Salary	Company Earnings
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
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

Compensation vs Market: Dave's total compensation ($USD11.89M) is about average for companies of similar size in the US market ($USD12.14M).

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

CEO

Dave McKay (60 yo)

9.8yrs

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	9.8yrs	CA$16.36m	0.0032% CA$ 3.8m
Nadine Ahn	Chief Financial Officer	2yrs	CA$3.46m	0.00027% CA$ 319.5k
Douglas Guzman	Group Head of Wealth Management & Insurance	less than a year	CA$7.45m	0.00040% CA$ 473.3k
Neil McLaughlin	Group Head of Personal & Commercial Banking	6.5yrs	CA$6.28m	0.00063% CA$ 745.4k
Derek Neldner	Group Head & CEO of RBC Capital Markets	4yrs	CA$8.51m	0.0010% CA$ 1.2m
Bruce Ross	Group Head of Technology & Operations	9.8yrs	CA$7.89m	0.00041% CA$ 485.1k
Christoph Knoess	Chief Administrative & Strategy Officer	3.9yrs	no data	no data
Asim Imran	VP & Head of Investor Relations	no data	no data	no data
Maria Douvas	Chief Legal Officer	2.2yrs	no data	no data
Amy Cairncross	Senior Vice President of Communications	no data	no data	no data
Kelly Pereira	Chief Human Resources Officer	1.4yrs	no data	0.00024% CA$ 284.0k
Wayne Bossert	Deputy Chairman & Head of Ultra High Net Worth Clients-RBC Wealth Management	18yrs	no data	no data

4.0yrs

Average Tenure

Experienced Management: RY.PRT's management team is considered experienced (4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
David McKay	President	9.3yrs	CA$16.36m	0.0032% CA$ 3.8m
Jeffery Yabuki	Independent Director	6.1yrs	CA$300.00k	0.00049% CA$ 579.8k
James Pettigrew	Chairman of RBC Europe Ltd	14.8yrs	no data	no data
Andrew Chisholm	Corporate Independent Director	7.8yrs	CA$513.17k	0.00028% CA$ 331.3k
Frank Vettese	Corporate Independent Director	4.8yrs	CA$350.00k	0.00068% CA$ 804.6k
Thierry Vandal	Independent Director	8.3yrs	CA$350.00k	0.000090% CA$ 106.5k
Jacynthe Cote	Independent Chairman of the Board	9.2yrs	CA$350.00k	0.00014% CA$ 165.6k
Cynthia Devine	Independent Director	3.3yrs	CA$300.00k	0.00090% CA$ 1.1m
Bridget van Kralingen	Independent Director	12.4yrs	CA$300.00k	0.00012% CA$ 142.0k
Toos Daruvala	Independent Director	8.8yrs	CA$325.00k	0.00049% CA$ 579.8k
Roberta Jamieson	Independent Director	2.3yrs	CA$300.00k	0.00021% CA$ 248.5k
Maryann Turcke	Independent Director	3.8yrs	CA$300.00k	0.000070% CA$ 82.8k

8.1yrs

Average Tenure

62.5yo

Average Age

Experienced Board: RY.PRT's board of directors are considered experienced (8.1 years average tenure).

Royal Bank of Canada Management

Management criteria checks 4/4

Key information

Recent management updates

Royal Bank of Canada Appoints Amanda Norton to its Board of Directors

Royal Bank of Canada Announces Management Changes

Royal Bank of Canada, Annual General Meeting, Apr 11, 2024

Royal Bank of Canada Appoints Barry Perry to its Board of Directors, Effective August 1, 2023

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

Recent updates

Royal Bank of Canada (TSX:RY) completed the acquisition of HSBC Bank Canada from HSBC Overseas Holdings (UK) Limited.

Royal Bank of Canada Declares Quarterly Common Share Dividend, Payable on and After May 24, 2024

Royal Bank of Canada to Report Q2, 2024 Results on May 30, 2024

Royal Bank of Canada to Report Q1, 2024 Results on Feb 28, 2024

Royal Bank of Canada Appoints Amanda Norton to its Board of Directors

Royal Bank of Canada Declares an Increase to its Quarterly Common Share Dividend, Payable on and After February 23, 2024

Autorite Des March Finciers Reaches Agreement with the Royal Bank of Canada

Royal Bank of Canada Announces Management Changes

Royal Bank of Canada, Annual General Meeting, Apr 11, 2024

Royal Bank of Canada Provides Earnings Guidance for the Year 2023

Royal Bank of Canada Appoints Barry Perry to its Board of Directors, Effective August 1, 2023

Standard Chartered Bank Zambia Plc (LUSE:SCBL) completed the acquisition of RBC Investor Services Trust Hong Kong Limited from Royal Bank of Canada (TSX:RY)

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

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

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

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 Declares Common Share Dividend, Payable on and After August 24, 2022

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

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

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

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

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

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

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

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

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

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

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure

Average Age