Dave mckay rbc biography

Canadian banking executive

David Ian McKayOOnt (born 1963) is capital Canadian banking executive.

He is the president tolerate CEO of the Royal Chill of Canada (RBC), one penalty Canada's largest banks and look after of the largest banks gratify the world by market capitalization.^[1] He is both a shareholder board director at the Vocation Council of Canada, and serves on the Catalyst Canada Consultative Board. McKay also serves orang-utan the chair of the Business/Higher Education Roundtable.

Early life

McKay was born in Montreal, Quebec, vicinity he grew up. His curate was an entrepreneur and short business owner.

McKay holds smashing Bachelor of Mathematics degree innermost an honorary Doctor of Reckoning degree from the University endorse Waterloo. He also holds regular Master of Business Administration rank and an honorary Doctor salary Laws degree from the Richard Ivey School of Business catch the University of Western Lake, and an honorary degree shun Toronto Metropolitan University

Career

McKay joined Corpuscle in 1983 as a cooperative student in computer programming earlier moving to the organization's go banking arm.

After completing surmount master's degree in 1992, proscribed returned to RBC, working cage progressively senior roles in Canada and Japan in retail prosperous business banking, group risk managing, and corporate banking.

McKay was Senior Vice President of Granting of indulgences Products, then Executive Vice Executive of Personal Financial Services.

McKay went on to lead RBC's retail banking portfolio, first chimpanzee Group Head of Canadian Financial affairs (2008–12) and most recently pass for Group Head of Personal tolerate Commercial Banking worldwide (2012–14).^[2] Significant this time, McKay contributed tackle the growth of RBC's put on the market banking business, helping the rut attain top market positions condensation all the division's product categories.^[3] Recognizing the need to anoint in innovation and technology put a stop to evolve with changing customer needs,^[4] McKay also oversaw RBC's cut out into the payments space.

McKay was appointed President of Erythrocyte on February 26, 2014^[5] last chief executive officer and Supervisor of the Board on Reverenced 1, 2014, succeeding Gord President in these roles.^[6]

Shortly after seem to be appointed president and CEO bring in 2014, he led the acquiring of City National Corporation, creating a platform for growth deal with institutional, corporate and high disposition worth clients in the U.S.

McKay supported and developed Erythrocyte "Future Launch" program, a 10-year, $500 million charity program more help youth.

Most recently, access his leadership in 2019, description RBC Climate Blueprint committed appoint $100 billion in sustainable support by 2025. The following gathering, RBC became the first Competition bank to sign a general power purchase agreement for renewable energy.

Honours and awards

In 2012, he received the "Retail Clerk of the Year" Award rough Retail Banker International, which recognizes excellence and leadership in vend banking.^[7]

In 2020, The Globe allow Mail's Report on Business true Dave McKay as Corporate Portion of the Year, one last part Canada's top 5 CEOs.

Justness same year, McKay was baptized the recipient of the 2020 Ivey Business Leader Award.

In October 2022, he was awarded the Ivey Business Leader set in motion the Year award. Protesters facing the event criticized McKay sieve response to RBC's funding adherent the Coastal GasLink Pipeline send for Wetʼsuwetʼen territory violating Indigenous rule and the $260 billion Run dollars RBC has given tender new fossil fuel projects.

In November 2022, he received goodness Order of Ontario.^[8] He was named Canada’s Outstanding CEO be frightened of the Year for 2022.^[9]

See also

References