Royal Bank of Canada

OTCPK:RBMC.F Stock Report

Market Cap: CA$206.7b

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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 10.33 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$6.97M. The average tenure of the management team and the board of directors is 3.7 years and 7.5 years respectively.

Key information

Dave McKay

Chief executive officer

CA$16.1m

Total compensation

CEO salary percentage9.3%
CEO tenure10.3yrs
CEO ownership0.003%
Management average tenure3.7yrs
Board average tenure7.5yrs

Recent management updates

No updates

Recent updates

No updates

CEO Compensation Analysis

How has Dave McKay's remuneration changed compared to Royal Bank of Canada's earnings?
DateTotal CompensationSalaryCompany Earnings
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

Jul 31 2018n/an/a

CA$12b

Apr 30 2018n/an/a

CA$11b

Jan 31 2018n/an/a

CA$11b

Oct 31 2017CA$13mCA$2m

CA$11b

Compensation vs Market: Dave's total compensation ($USD11.71M) is about average for companies of similar size in the US market ($USD13.55M).

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

CEO

Dave McKay (61 yo)

10.3yrs

Tenure

CA$16,125,877

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

NamePositionTenureCompensationOwnership
David McKay
President10.3yrsCA$16.13m0.0034%
CA$ 7.0m
Douglas Guzman
Group Head of RBC Wealth Management & RBC Insurance1.4yrsCA$7.56m0.00042%
CA$ 868.1k
Neil McLaughlin
Group Head of Personal & Commercial Banking7.1yrsCA$7.21m0.00069%
CA$ 1.4m
Derek Neldner
Group Head & CEO of RBC Capital Markets4.6yrsCA$10.51m0.0011%
CA$ 2.2m
Katherine Gibson
Interim CFO & Controllerless than a yearno data0.00020%
CA$ 413.4k
Bruce Ross
Group Head of Technology & Operations10.4yrsCA$7.89m0.00045%
CA$ 930.1k
Matthew Stopnik
Head of Investment Bankingless than a yearno datano data
Maria Douvas
Chief Legal & Administrative Officer2.8yrsno datano data
Asim Imran
VP & Head of Investor Relationsno datano datano data
Amy Cairncross
Senior Vice President of Communicationsno datano datano data
Kelly Pereira
Chief Human Resources Officer2yrsno data0.00027%
CA$ 558.1k
Wayne Bossert
Deputy Chairman & Head of Ultra High Net Worth Clients-RBC Wealth Management18.6yrsno datano data

3.7yrs

Average Tenure

Experienced Management: RBMC.F's management team is considered experienced (3.7 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
David McKay
President9.8yrsCA$16.13m0.0034%
CA$ 7.0m
Jeffery Yabuki
Independent Director6.7yrsCA$340.00k0.00049%
CA$ 1.0m
James Pettigrew
Chairman of RBC Europe Ltd15.4yrsno datano data
Andrew Chisholm
Corporate Independent Director8.4yrsCA$633.46k0.00029%
CA$ 599.4k
Frank Vettese
Corporate Independent Director5.4yrsCA$400.00k0.00068%
CA$ 1.4m
Thierry Vandal
Independent Director8.9yrsCA$400.00k0.00010%
CA$ 206.7k
Jacynthe Cote
Independent Chairman of the Board9.8yrsCA$530.42k0.00014%
CA$ 289.4k
Cynthia Devine
Independent Director3.8yrsCA$340.00k0.00092%
CA$ 1.9m
Mirko Bibic
Independent Director1.8yrsCA$340.00k0.00027%
CA$ 558.1k
Toos Daruvala
Independent Director9.4yrsCA$340.00k0.00062%
CA$ 1.3m
Roberta Jamieson
Independent Director2.8yrsCA$340.00k0.00041%
CA$ 847.4k
Maryann Turcke
Independent Director4.4yrsCA$375.00k0.000070%
CA$ 144.7k

7.5yrs

Average Tenure

63.5yo

Average Age

Experienced Board: RBMC.F's board of directors are considered experienced (7.5 years average tenure).