Royal Bank Names Rob Johnston to Head of Caribbean Operations

Royal Bank of Canada named Rob Johnston as head of Caribbean banking, taking on the region’s retail lending operation after the Toronto-based lender spent the past two years reorganizing the business.

Johnston, who’s based in Trinidad & Tobago as head of Caribbean markets and personal banking and chief executive officer of RBC Financial (Caribbean) Ltd., takes over April 1, Caribbean banking head Kirk Dudtschak said Monday in an interview from Toronto. Johnston reports to Dudtschak, who in April becomes executive vice president of sales for personal and commercial banking for Canada and the Caribbean.

Johnston has been with Royal Bank for about 33 years, including roles across Canada in personal and business banking, management, operations, and human resources, and he’s spent about nine months in the Caribbean, according to Dudtschak.

“Rob’s got a ton of depth and breadth in banking and he’s a really solid, balanced leader,” Dudtschak said. “With his experience and the experience of the collective leadership team, we’re confident we can continue to make the progress that we’ve shown in the first quarter.”

Royal Bank is now experiencing loan and revenue growth in the Caribbean, Dudtschak said. The lender said Feb. 26 that it had C$35 million ($27.9 million) in first-quarter profit for Caribbean and U.S. banking. The lender’s strategy for the region hasn’t changed.

“We continue to focus on our core markets to drive growth. Those markets include countries like The Bahamas, Caymans, Turks, Trinidad, Aruba, Curacao and the Dutch Caribbean,” he said. “We continue to work very closely to keep countries like Barbados and the Eastern Caribbean profitable until the economies turn around.”

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