Royal Bank of Canada (TSE:RY) (TSE: RY) is a global financial institution headquartered in Toronto, Ontario, and serves more than 17 million clients in Canada, the United States and 27 other countries. Rooted in its founding year of 1864, the bank has grown from a single branch in Halifax, Nova Scotia, to one of the world’s largest diversified financial services groups. Its operations span retail banking, wealth management, corporate and investment banking, insurance, and transaction processing services, all supported by an extensive digital and branch network.
In its personal and commercial banking segment, Royal Bank of Canada offers everyday banking products such as chequing and savings accounts, mortgages, personal loans, credit cards, and small-business financing solutions. The wealth management division provides investment advisory, brokerage, trust and custodial services, and retirement planning through brands like RBC Wealth Management and City National Bank in the United States. The bank’s insurance arm features life, health, home and auto insurance products distributed through brokers, advisors and direct channels.
The capital markets division delivers fixed income, foreign exchange, equity and commodity trading, as well as corporate lending, debt and equity underwriting, mergers and acquisitions advisory, and risk-management solutions to corporate, institutional and government clients worldwide. Supporting these core businesses, RBC Investor & Treasury Services offers custody, payments, clearing, fund administration and treasury services for institutional investors, asset managers and corporate treasuries, leveraging cutting-edge technology platforms.
Under the leadership of President and Chief Executive Officer David McKay, who assumed the role in 2014, Royal Bank of Canada has focused on innovation, client experience and responsible growth. The bank maintains a commitment to environmental, social and governance principles, engaging in sustainable financing initiatives and community investment programs across its global footprint. With a diverse board of directors and an executive team experienced in financial services, technology and risk management, RBC continues to pursue opportunities for expansion while upholding strong governance and risk controls.
