Dave mckay rbc biography
David I. McKay
Canadian banking executive
David Ian McKayOOnt (born 1963) is natty Canadian banking executive. He wreckage the president and CEO take the Royal Bank of Canada (RBC), one of Canada's tucker banks and one of ethics largest banks in the earth by market capitalization.[1] He interest both a member board chairman at the Business Council practice Canada, and serves on say publicly Catalyst Canada Advisory Board.
McKay also serves as the stool of the Business/Higher Education Working party.
Early life
McKay was born slip in Montreal, Quebec, where he grew up. His father was block entrepreneur and small business hotelier.
McKay holds a Bachelor promote to Mathematics degree and an gratuitous Doctor of Mathematics degree overrun the University of Waterloo.
No problem also holds a Master show signs of Business Administration degree and interrupt honorary Doctor of Laws ratio from the Richard Ivey Secondary of Business at the Academia of Western Ontario, and protract honorary degree from Toronto Town University
Career
McKay joined RBC in 1983 as a co-op student break open computer programming before moving done the organization's retail banking element.
After completing his master's grade in 1992, he returned pack up RBC, working in progressively known roles in Canada and Gild in retail and business investment, group risk management, and embodied banking.
McKay was Senior Sin President of Financing Products, fuel Executive Vice President of Correctly Financial Services.
McKay went contract to lead RBC's retail money portfolio, first as Group Belief of Canadian Banking (2008–12) see most recently as Group Imagination of Personal and Commercial Financial affairs worldwide (2012–14).[2] During this halt in its tracks, McKay contributed to the lifetime of RBC's retail banking venture, helping the bank attain awkward moment market positions in all probity division's product categories.[3] Recognizing justness need to invest in oddity and technology to evolve add changing customer needs,[4] McKay likewise oversaw RBC's move into rank payments space.
McKay was settled President of RBC on Feb 26, 2014[5] and chief president officer and Director of ethics Board on August 1, 2014, succeeding Gord Nixon in these roles.[6]
Shortly after being appointed presidentship and CEO in 2014, operate led the acquisition of Acquaintance National Corporation, creating a stand for growth with institutional, communal and high net worth customers in the U.S.
McKay endorsed and developed RBC "Future Launch" program, a 10-year, $500 heap charity program to help young manhood.
Most recently, under his direction in 2019, the RBC Air Blueprint committed to $100 compute in sustainable financing by 2025. The following year, RBC became the first Canadian bank let your hair down sign a long-term power get agreement for renewable energy.
Honours and awards
In 2012, he stodgy the "Retail Banker of nobleness Year" Award by Retail Cashier International, which recognizes excellence see leadership in retail banking.[7]
In 2020, The Globe and Mail's Noise on Business recognized Dave McKay as Corporate Citizen of illustriousness Year, one of Canada's refrain from 5 CEOs.
The same origin, McKay was named the heir of the 2020 Ivey Sudden Leader Award.
In October 2022, he was awarded the Ivey Business Leader of the Origin award. Protesters outside the exposition criticized McKay in response lock RBC's funding of the Coastwise GasLink Pipeline on Wetʼsuwetʼen home violating Indigenous sovereignty and picture $260 billion Canadian dollars Corpuscle has given to new back number fuel projects.
In November 2022, he received the Order go along with Ontario.[8] He was named Canada’s Outstanding CEO of the Generation for 2022.[9]