RBC New CEO McKay Brings Consumer Bank Focus: Corporate Canada
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Royal Bank of Canada is putting its leadership in the hands of David McKay, whose consumer-lending experience is a departure from the investment-banking background that propelled Gordon Nixon to chief executive officer 12 years ago.
Royal Bank yesterday said that McKay, 50, currently head of personal and commercial banking, will be the next CEO of Canada’s largest company by market value when Nixon, 56, retires on Aug. 1. Nixon’s departure is the third CEO changeover announced this year by the country’s largest lenders.