David I. Mckay

Biography

Mr. David I. McKay, also known as Dave, has been the President of Royal Bank of Canada since February 26, 2014 and has been its Chief Executive Officer since August 1, 2014. Mr. McKay served as Group Head of Personal & Commercial Banking at Royal Bank of Canada from October 31, 2012 to April 2014 and as its Group Head of Canadian Banking since April 2008. At Royal Bank of Canada, he was responsible for Personal Financial Services and Business Financial Services businesses, as well as Canadian sales and branch distribution. He was responsible for continuing Royal Bank's growth momentum in the Canadian banking marketplace and extending its competitive strength by providing over 13 million Canadian clients with leading personal and business financial services. He joined Royal Bank in 1988. He served as an Executive Vice President of Personal Financial Services at Royal Bank and was responsible for the personal retail business including consumer lending, home equity, deposits, branch investments and online investing in Canada. Mr. Mckay served as Head of Personal Banking at Royal Bank from October 2005 to October 2006 and as a Senior Vice President of Financing Products from October 2003 to October 2005. He served as Regional Director of Canada Region of Visa, Inc. from October 2007 to January 27, 2011. He has spent more than 20 years with RBC in many different areas including senior management of retail banking, retail banking field roles, commercial account management, group risk management and corporate banking in Canada and Japan. He served as Chairman of Visa Canada Corporation from May 2006 to October 2007. He served as the Chairman of Visa Canada Association from May 2006 to October 2007. He has been a Director of Royal Bank of Canada since August 1, 2014. He has been a Honorary Director of Visa Inc. since August 2, 2016 and previously served as its Founding Director since October 2007 until January 27, 2011. Mr. Mckay has been a Trustee of The Hospital for Sick Children since 2010. He served as a Member of Advisory Board of RBC Venture Partners. He served as a Director of Visa, Inc. from October 2007 to January 27, 2011 and Visa Canada Corporation from March 2005 to October 2007. He served as a Director of Visa International Service Association from April 2007 to October 2007. He served as Member of Advisory Board at Information Venture Partners. He served as a Director of Visa Canada from March 2005 to October 2007. Mr. McKay holds an M.B.A. degree from the Ivey Business School at University of Western Ontario and a Bachelor of Mathematics Degree from the University of Waterloo.

Research Interest

Bank